A slowdown in the growth of house prices in certain segments appears likely, says a recent FNB Estate Agent Survey. Household and property sector strategist John Loos said the survey pointed to a loss of momentum after a very good run. Economic indicators, including gross domestic product and household disposable income growth, had been slowing, and interest rates had begun to rise.
Slowing inflation rates were thus predicted for all house price indices, he said. – Sapa