FNB House Price Index for November 2017

The FNB House Price Index for November 2017 rose by 4.6% year-on-year. This is a mild further acceleration from the revised 4.4% for October.

In real terms, when adjusting for CPI (Consumer Price Index) inflation, the house price correction gradually continued as at October, with the real rate of house price change remaining in mildly negative territory to the tune of a -0.4% year-on-year decline (November CPI data not yet available). This is a diminished real house price deflation rate, however, from -0.9% year-on-year in September and from a low of -4.8% reached in December 2016.

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FNB Property Barometer_Nov_FNB_House_Price_Index_4_Dec_2017