Steady middle-segment house price growth continues in early 2015

January 2015 saw year-on-year (y/y) growth in the average nominal value of middle-segment homes in the South African residential property market remaining relatively stable from late last year. Nominal house price growth of 9,5% y/y was registered in January, slightly down from 9,7% y/y and 9,8% y/y recorded in December and November respectively. Real price growth, i.e. after adjustment for the effect of consumer price inflation, is showing signs of picking up on the back of inflation trending down. Read more here – ABSA HPI Jan 2015