House prices in South Africa grew by 0.9% in December compared to the previous year, according to the latest FNB House Price Index. While this is lower than the 1.5% growth seen in 2023, experts believe the market is on a steady path to recovery. Several factors are expected to support this increase, including lower inflation, reduced borrowing costs, and improved consumer confidence.
While this is lower than the 1.5% growth seen in 2023, he believes the market is on a steady path to recovery.According to the latest FNB House Price Index , house prices grew by 0.9% in December compared to the previous year.
This situation helps push prices up. However, despite the improving market, real house prices remain undervalued.“In 2025, prices are predicted to rise by 1.7%, and by 2026, growth could exceed 3%. Several factors will support this increase such as lower inflation, reduced borrowing costs, and improved consumer confidence.He says the FNB Estate Agents Survey for the fourth quarter of 2024 highlights signs of market recovery.
A notable trend in the survey is the significant improvement in the R2.6 million to R3.6 million price range, indicating increased demand in this segment.
HOUSE PRICES RECOVERY MARKET TRENDS SOUTH AFRICA AFFORDABILITY
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