The FNB House Price Index’s year-on-year growth slowed in January, after prior months of acceleration
In January 2018, the FNB House Price Index showed a slowing in year-on year growth compared with the revised December 2017 rate. This comes after some prior months of accelerating year-on-year growth. This keeps the index year-on-year growth rate in lower single digit territory at 4.7%. However, we remain of the expectation that mildly improved national sentiment early in 2018, along with the expectation of stable interest rates this year and improved economic growth, could see stronger average house price growth in 2018 compared with 2017’s average rate.
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