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
Showing posts with label Absa House Price Index. Show all posts
Showing posts with label Absa House Price Index. Show all posts
Tuesday, March 6, 2007
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