Absa – House Price indices

Based on the Absa house price indices, nominal year-on-year growth in the average value of homes in the middle segment of the South African housing market remained in single digits in February 2014, impacted by factors related to the economy, household finances and consumer confidence.

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.