The ageing groups of home owners remain a force to be reckoned with in tougher economic times
The 3rd Quarter 2017 FNB Estate Agent Survey continued to point strength in levels of those sellers believed to be selling homes in order to downscale due to “life stage”.
The Luxury Area Value Band has seen the most noticeable price growth slowdown since 2014, while the Lower End has done a little better of late
We compile 5 FNB Area Value Band House Price.
National asking price realism deteriorates further, but Gauteng remains the most price-realistic of the Major Metro regions
On a national average basis, a continuation of the gradual rise in average time of homes on the market prior to sales points to a housing market moving away from equilibrium, and into a space where supply exceeds demand.
Compared with the pre-2008 National Housing Bubble, the Western Cape is seen as “strong”, but not “booming”
Periods of strong housing market price growth can often be a cause for concern..
The FNB Holiday Town House Price Index continues its recent slowing growth trend
The FNB Holiday Towns House Price Index, comprising towns (both coastal and inland) whose housing markets are deemed to be strongly driven by holiday home demand, has had a reasonably good run since around 2013.
Foreigner residential buying perceived to have slowed slightly in South Africa, perhaps in part rand-driven and in part "junk status" driven
Recently, there have been hints emanating from our FNB Estate Agent Survey that foreigner demand for local residential properties may be declining.
National price realism deteriorates in both SA and Namibia, but in SA it’s more in the Coastal regions, while Gauteng is solid
It is important to understand that, due to significant resistance by home sellers to house price declines, in times of economic and residential demand slowdown the residential market can often move away from market equilibrium price.
Gauteng residential regions….and a look at the City of Joburg…..a very different world to Cape Town at present
Our 1st quarter 2017 Gauteng Sub-Regional House Price Indices show mediocrity in terms of house price performance to be widespread.
Western Cape house price growth rate continues to show some “normalisation” after a red hot run which has been out of kilter with the weak national housing market picture
Examining the FNB House Price Indices for the country’s major regions, slowing price growth in the country’s recent star performing region, the Western Cape, continued in the 1st quarter of 2017.
Residential demand conditions - 1st time and age group home buying
Estimated 1st time buyer percentage sees a rise for the 2nd successive quarter.
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