After a relatively good period from 2013, recent quarters have shown some slowing in year-on-year growth in the FNB Holiday Towns House Price Index. These holiday town markets’ price levels are all but free of that “additional froth” (compared to the overall national housing market) that they possessed following an out performance from 2004 to 2007, due to having lagged the national market considerably in their post-2008/9 recession recovery. By all of this we mean that the cumulative growth in the FNB Holiday Towns House Price Index since pre-boom levels of early-2001 is almost the same as that of the National House Price Index over the same period, following a period in between where the Holiday Town House Price Index “temporarily” outperformed the National Index by a considerable margin.

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