House price growth expected to rise

JOHANNESBURG- The average house price growth is expected to be slightly stronger this year after three years of slow annual growth, said FNB yesterday.

John Loos, an FNB household and property sector strategist, cautioned against expecting too much.

The FNB House Price Index released yesterday reported that the annual average house price growth rate for 2018 would shift nearer to 5percent from an average price growth rate of 3.7percent last year.

“This is not a major improvement, but it stems from expectations of marginal economic growth improvement in 2018, from an estimated 0.7percent last year to 1.2percent, and one lone interest hike rate …read more