Property market sentiment down in the first quarter of 2018

The level of positive sentiment regarding conditions in the South African residential property market, as measured by the Absa Homeowner Sentiment Index, dropped in the first quarter of 2018 from the fourth quarter of 2017, with sentiment on par with a year ago.

The latest trend regarding property market sentiment came against the background of factors impacting consumers financially, such as a number of indirect tax hikes announced in the national Budget in February, as well as the widely-debated aspect of land reform. The overall Homeowner Sentiment Index score, based on the percentage of survey respondents displaying positive market sentiment,  was down to 75% in the first quarter of the year from 82% in the fourth quarter of 2017.

Read more here: Absa Homeowner Sentiment Index Q1 2018