PROPERTY BAROMETER – FNB House Price Index – Oct 2017
Category Market News
Year-on-year house price growth appears to be approaching a “mini-peak”, at 4.1% in September
In September 2017, the FNB House Price Index showed a further mild acceleration in year-on-year growth compared with revised August growth. However, a better momentum indicator is the month-on-month seasonally adjusted growth calculation, and this points to renewed slowing, suggesting that with the customary lag the year-on-year price growth rate is also probably set to resume a slowing trend in the near term, constrained by an economy battling to achieve any meaningful growth.
ARTICLE COURTESY FNB
Author: John Loos
