FNB Property Barometer Jun 2017

In May 2017, the FNB House Price Index showed further acceleration in year-on-year growth compared with revised April growth, and has now shown accelerating growth for 5 consecutive months.

However, at 4.7%, this remains a mediocre market, and adjusting for CPI inflation implies a negative growth rate in real terms. On a month-on-month basis, the index recorded a return to slowing growth in April and May, after a strengthening period in the 1st quarter of 2017, suggesting another possible housing market and economic “soft” patch emerging.

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07 Jun 2017
Author John Loos

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