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.
Building confidence registers sharp fall in Q2
After reaching its highest level in more than a year of 43 points in 1Q2017, the FNB/BER Building Confidence Index fell sharply to 32 in 2Q2017.
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.
Cape Town’s high weighting in the new FNB Luxury Area Value Band House Price Index may explain this index’s “outperformance” in recent years
FNB area value band house price index performances.
The FNB House Price Index’s year-on-year growth rate strengthens further, but is still in negative real territory
In April 2017, the FNB House Price Index showed some further acceleration in year-on-year growth compared with the March rate, after having gone through a “dip” late in 2016.
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.
Despite weaker activity, building confidence edges higher in Q1
The FNB/BER Building Confidence Index improved for the third consecutive quarter, rising by 3 points to 43 in 1Q2017.
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