Residential property price growth (year-on-year) slowed to 1.9% in November from 2.6% in October, according to the FNB House Price Index.
Considering inflation of 6.4% in October – the latest available figure – real house prices are falling.
House prices are down 4.3% in real terms since December 2015 and down 21.9% since December 2007.
FNB expects real house prices to continue falling – by around 3% - throughout 2017.
The Money Show’s Bruce Whitfield interviewed John Loos, Household and Property Sector Strategist at FNB.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
The Western Cape is bucking the national trend.— John Loos, FNB
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Please share this with your Ford-driving friends. Fire hazard, again! They must "immediately” contact a dealership.
State Capture… Corruption… it just goes on and on! The Money Show’s Bruce Whitfield interviews Sygnia CEO Magda Wierzycka.
The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Is the spectacular rise in the value of Bitcoin realistic? Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Ennik Estates Founder and Principal Ronald Ennik.
Freestanding or sectional title? CBD or suburb? Swimming pool or solar panels? The nature of residential property is changing.
UDM leader Bantu Holomisa says that Baleka Mbete's arrogance and blind loyalty to the ANC and Zuma has put them in this mess.
Professor Somadoda Fikeni says Speaker will have to provide a superior argument not to approve the voting through secret ballot.
No official date has been set for the roll out of SA's new number plate legislation, but here's what you need to know so long.
Capetonians are pulling out hot water bottles and mittens as a cold front is predicted to make landfall on Thursday morning.
CapeTalk caller says Curriculum Assessment Policy Statements (CAPS) is not good for South Africa's education system.