Year-on-year house price growth continued to accelerate mildly to 4.6% in November.

In November 2017, the FNB House Price Index showed a further mild acceleration in year-on-year growth, from a revised 4.4% in October, to 4.6%. Examining the year-to-date average, though, it appears most probably that, despite the recent monthly year-on-year acceleration, average house price growth for 2017 as a whole will be not far above 3%, down from an average 4.7% in 2016, and the 3rd consecutive year of average house price growth slowdown.

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