2017 turned out to be the 3rd consecutive year of house price growth slowdown, but ended on stronger note.

2017 saw the FNB House Price Index growing by 3.7%, a slowing on 2016, and the 3rd consecutive year of slowing annual average price growth. We had expected a slower house price growth rate in 2017, with the country’s economic growth performance having stagnated for some years.

However, monthly house price growth has been accelerating recently, pointing to a stronger start to 2018, with leading economic indicators suggesting that house price growth could receive slightly more support from the economy this year, compared to 2017.

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