House price growth sees uptick as demand grows – FNB




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A price discount in higher-end houses has also lead to quicker selling turnaround times.

The FNB House Price Index ticked up by 3.6% in July, year-on-year. That compares with a 3.5% rise in June, on a similar basis. This means that average real house prices continue to rise below inflation, so in real terms property inflation is actually on the decline.  To discuss the report and what’s generally happening in the property sector, Nompu Siziba speaks with Siphamandla Mkwananzi, a property analyst at FNB.

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