Signs of broad slowing in Cape Town house price growth

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Cape Town - Signs of a broad slowing in house price growth in the City of Cape Town are emerging, according to John Loos, household and property sector strategist at FNB.

He emphasised, that although affordability is becoming a challenge, slowing growth does not mean price decline.

"Our most recent FNB Estate Agent Surveys have recorded far lower first time home buyer estimates in Cape Town than any other of the major metros in the country", Loos told Fin24.

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