GROWTH SLIGHTLY HIGHER
After a steady decline in the rate of growth of house prices since the mini-peak of 11% in May 2010, March year-on-year growth of 0,7% was marginally higher than the revised 0,6% recorded in February. FNB says the index pointed to some flattening in the declining trend. In real terms the decline continues.
FNB House Price Index - Real and Nominal Growth