A view of property transaction volume trends confirms “solid” levels, but reflects recent economic trends, i.e. little growth to speak of in the initial stages of 2015.
While much of the attention is usually on what house prices are doing, the trends in the growth of transactions volumes in the residential market are possibly a better reflection of economic growth trends and their impact on the residential market.
During the 1st 2 quarters of 2015, our FNB Estate Agent Surveys of agents’ perceptions of activity levels in the market have shown a solid level of perceived activity, and a good market balance, but no further improvement on the levels recorded in the survey during the corresponding quarters of 2014. They thus pointed to growth having flattened out.