Cracks begin to appear in South Africa's house price... : vi

Cracks begin to appear in South Africa's house price...


Is South Africa’s spectacular house price bounce, which started in the early days of the Covid-19 pandemic, coming to a screeching halt? 
There are signs that the rally is coming to an end, judging from data released on Wednesday, 9 June 2021 by the team of property economists at FNB. 
According to the commercial bank, average house price growth in South Africa fell in May to 4.1% from 4.6% in April. Although the month-on-month decline is marginal (-0.5%) and doesn’t suggest that house prices are starting to fall: it is the first time in 11 months that price growth has fallen. 
The housing market has been a bright spot for a pandemic-hit economy as house prices grew every month in 2020 and the first four months of 2021 — bucking the downward spiral seen in most other sectors of the economy. 

Related Keywords

South Africa , Gauteng , Kwazulu , Eastern Cape , Natal , Andrew Golding , Siphamandla Mkhwanazi , , Reserve Bank , Pam Golding Property , Western Cape , கௌஊட்டெங் , க்வஸூல்யூ , கிழக்கு கேப் , நேட்டல் , ஆண்ட்ரூ தங்கம் , இருப்பு வங்கி , பாம் தங்கம் ப்ராபர்டீ , மேற்கு கேப் ,

© 2025 Vimarsana