Slowing trend in house price growth continues

The downward trend in the year-on-year growth in the average nominal value of middle-segment homes in the South African residential property market, which started in the fourth quarter of 2014, continued up to April this year. It is believed that economic conditions and factors related to household finances, such as economic growth, inflation, interest rates, consumer credit-risk profiles, confidence as well as the outlook for these variables, are currently some of the main driving factors of property market conditions and trends in house prices. Read more – ABSA HPI Apr 2015