Property Barometer: Slowing in Residential Property Market with further slowing of the economy

The Residential Property Market is very much a leading sector of the economy, or at least the existing home market is. Trend changes in residential activity are highly sensitive to changes in the economic environment, and can even lead some of the most leading business cycle indicators. Of FNB’s suite of indicators, the FNB Estate Agent Survey is arguably the most appropriate leading indicator, and it would appear to suggest that the economy’s growth rate is set to get worse in the near term, keeping recession risk at high levels.

Read more here: FNB Property Barometer_Residential_Activity_as_a_Leading_Indicator_7_January_2016