Year-on-year growth in the average nominal value of middle-segment homes in the South African residential property market showed some improvement up to April 2016, largely as a result of trends in one of the housing segments analysed.
In real terms, i.e. after adjustment for the effect of consumer price inflation, house price growth remained on average around the zero level.
House price growth is forecast to show a marked slowdown towards year-end on the back of trends in and the outlook for the economy and household finances, with some real price deflation projected as a result of expected nominal price growth and inflation trends.
Read more here: ABSA House Price Indices April 2016
