According to Absa’s house price data, year-on-year growth in home values was lower in some segments of the South African housing market, while remaining relatively stable or rising in other segments in the first three quarters of 2015.
Nominal house price growth is forecast to be in single digits in the rest of the year and in 2016. Lower price growth is expected in 2015 and 2016 compared with the previous two years, mainly as a result of trends in and the outlook for key macroeconomic and household sector-related factors. In view of expectations for nominal house price growth and consumer price inflation, low real price inflation is projected for this year, with prices to remain virtually flat in real terms in 2016.
Read more here: Absa Housing Review 2015 & Infographic Absa Housing Review
