Residential house price growth, which hit more than 30% year-on-year in 2004, should continue moderating as higher interest rates dampen consumer demand, a survey showed on Thursday.
The Standard Bank monthly property gauge indicated house price growth rose to 8.4% year-on-year in February from 6.9% in January.
But the rise was largely attributed to the low base of the same month last year, with no month-on-month growth in prices, after price growth slowed steadily in 2005 and 2006.
The median house price remained at R570 000, the survey showed.
Read more at FIN24.co.za
Showing posts with label Residential Property. Show all posts
Showing posts with label Residential Property. Show all posts
Thursday, March 1, 2007
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