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2013 saw slightly slower average house price growth than 2012

According to the FNB House Price Index, the average house price for the entire 2013 rose by 6.8% compared with the average price for 2012. This was a slight slowing in growth on the revised 2012 average house price growth of 7.1%.

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In real terms too, when adjusting house prices for consumer price inflation, 2013 showed a slightly lower rise of 0.8%, compared to 1.3% in 2012. Nevertheless, 2013 saw the 2nd successive year of slight positive real house price growth following 4 prior years of average real price decline.

The average price of homes transacted was R891,976 for 2013, compared with R835,480 in 2012.

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