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

Pam Golding Properties achieves record price of USD13.6m for sale of luxury home in Mauritius

Mar 12, 2024
Villa sold for USD13.6m Mauritius, patio & pool
The Mauritius office of Pam Golding Properties has sold a six-bedroom, luxury beachfront…

Simplified capital structure and operational performance delivers strong 1H2024 results for Fortress Real Estate Investments

Mar 12, 2024
Cornubia Ridge LP_March 2024
Fortress Real Estate Investments delivers strong 1H2024 results: Simplified capital…

Dipula and REO’s innovative approach to tenant installation for EOH grows a sustainable furniture initiative

Mar 12, 2024
Interior EOH in Montrose Place at Waterfall Park in Midrand 3
Dipula Income Fund’s new lease with EOH for the Montrose Place at Waterfall Park in…

Please publish modules in offcanvas position.