Nominal house price growth of 15.4% year-on-year (y/y) was recorded in February from a revised 15.4% in January, according to the latest Absa House Price Index.
This brings the average price of a house in the survey to R891 700 in February 2007.
However, the researchers pointed to growth potentially levelling off again later in the year.
In real terms y/y growth of 8.9% was recorded in January from a revised 8.9% in December, while nominal growth on a month-on-month (m/m) basis was reported slightly down at 1.1% after 1.4% growth in January.
Read more at FIN24.co.za
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