Average month-on-month price house price growth has slowed down further

August 2015 saw a continuation of the declining trend in year-on-year growth in the average nominal value of homes in the various categories of middle-segment housing in South Africa. Average month-on-month price growth has slowed down further to below 0,2% in August – its lowest level since early 2012 and contributing to the downward trend in year-on-year price growth. Real house price growth, i.e. after adjustment for the effect of consumer price inflation, also slowed down up to July as a result of declining nominal price growth and steadily rising consumer price inflation in recent months. Read more – ABSA HPI Aug 2015