In a quarter fraught with social unrest, political turmoil, frequent power outages and other economic headwinds, results from the 2Q2015 FNB/BER Consumer Confidence Survey show that consumer sentiment nosedived to a 14.5-year low. 

Thursday, 19 March 2015 14:42

FNB Home Loans achieves solid growth

FNB’s Home Loan division is going strong, having grown advances by 6% on a year-on-year basis as at December 2014, and by 13% over the last 3 years.

2015 could see further mild deterioration in residential and residential-related affordability, if our expectations of slightly stronger house price inflation prove true.

FNB property strategist John Loos says the past ten years in the residential property sector has been a rollercoaster ride.

October 2014 House Price Index growth rate slows again, but a "re-acceleration" of sorts may be near.

Little change in the key drivers of residential selling, as the ageing middle class continues to be the main driver of sales.

Today, First National Bank (FNB), the developers and a Member of the Mayoral Committee (MMC) at the Mangaung Metro Municipality, Councillor, Papiki Moeng, officially launched phase one of the Second Avenue Development project set to become FNB's new regional offices in Bloemfontein.

On Thursday the SARB Monetary Policy Committee elected not to raise the repo rate which will remain unchanged at 5.5% until the next meeting on the 17th of July.

White buyers for the first time make up less than 50% of the local home-buyer population in the fourth quarter of last year, according to FNB's latest estate agent survey.

Monday, 09 December 2013 07:32

House price growth losing momentum

FNB says house price growth may be losing some momentum.

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