Property Barometer: FNB House Price Index continues to reflect a stagnant economy, but suggests that 2nd quarter economic growth may be slightly better after a 1st quarter dip

The FNB House Price Index’s year-on-year growth rate has reflected the broad slowdown in Global house price growth since early-2014 as well as the slowing in some key global economic indicators.

However, examining the short term month-on-month growth fluctuations in the Index, it suggests that the weak start to the year by the South African economy may have been slightly “overdone”, and that things may be looking up mildly for the economy in the 2nd quarter of 2015.

Read more here: FNB Property Barometer_May_2015 House Price Index_1_June_2015