FNB house price index up 7.8% in October

Posted On Wednesday, 06 November 2013 17:41 Published by eProp Commercial Property News
Rate this item
(0 votes)

FNB house price index accelerates to 7.8% in October‚ from September’s revised rate of 7%.

John Loos

The FNB house price index accelerated to 7.8% year on year (y/y) in October‚ from September’s revised rate of 7%.

This is the fourth consecutive month of acceleration since the 5.84% rate recorded in June.

The average value of homes transacted in the FNB house price index was R911‚424.

In real terms - adjusting house prices for the consumer price index - house price growth was 0.99% in September.

“Evaluating longer-term performance - compared with October 2003 - the index is up 33% in real terms and 135.4% in nominal terms‚ still suggesting that the full price effects of last decade’s residential demand boom haven’t yet worn off‚” FNB household and property sector strategist John Loos said. 

Last modified on Friday, 14 March 2014 08:58

Most Popular

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
 BRONWNY CORBETT
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
 JOHN WHALL
Commercial property development company, Heartwood Properties , has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.