ABSA Economic Report – April 2014

Nominal year-on-year growth in the average value of homes in the middle segment of the housing market remained in single digits in February 2014, impacted by factors related to the economy, household finances and consumer confidence. However, base effects caused an uptick in nominal year-on-year price growth in two segments of the market. Single-digit nominal house price growth is forecast to continue in 2014 on the back of trends in and prospects for the economy, the household sector and related factors. Real house price growth will be a function of the combined effect of trends in nominal price growth and consumer price inflation.

Please refer to the detailed  ABSA Economic Report-April 2014