The ABSA House Price Index for Feb 2010 shows that property values have increased in every major category. And Jacques du Toit of ABSA Home Loans, predicts that your property will grow by 6% in 2010. Here's why buyers are facing near perfect property conditions...
Property prices and property values are continuing to increase. That's according to the FNB House Price Index for February 2010. In his report, John Loos of FNB Home Loans, highlights that the value your home has grown by 5.8% from Feb 2009 to Feb 2008. This growth rate is much better than January's figures of 3.6% year-on-year growth. But they're still lower than inflation, which is currently above 6%.
The lowering of interest rates has historically had a delayed effect on property prices. It was no different this time around. According to the latest ABSA House Price Index, low interest rates has been one of the major reasons for the recent increase in property prices.
Property News: FNB House Price Index Seasonal stimulators and the recent interest rate cuts have contributed to a mild recovery in property prices. That’s according to the most recent FNB House Price Index. FNB developed the House Price Index in July 2000 to estimate the average price of residential properties bought and sold. It is an [...]
The latest FNB House Price Index shows that although property prices are still declining (by about 2% each month) the rate of decline is starting to slow down, and we could begin to see positive growth towards the start of 2010.
The latest FNB House Price Index report, released at the start of June, shows that property prices continued to drop in May 09. This graph illustrates the rapid growth and drop of property prices.
FNB Home Loans | Property News www.fnb.co.za Lower Priced Properties sell faster and closer to their asking prices FNB Home loans released their Residential Property Confidence Indicator for the 4th quarter of 2007. In his report, Jan Kleynhans, chief executive officer at FNB Home Loans, further illustrated the current slowdown in market activity. Rising interest [...]
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