“An acceleration in the growth rate in Residential Activity Levels during the 2nd half of 2014 is expected to feed through into some lagged resurgence in the growth in the value of new Household Sector mortgage loans granted, taking this growth rate back up into the 10-15% range during the 1st half of 2015.
However, new lending growth is not expected to be sufficient to halt the multi-year declining trend in the real value of mortgage debt outstanding.” [Source: FNB]
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