Standard Bank house price index up 6.9% in September
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2013-10-03 10:54:00
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Standard Bank house price index records a modest moderation in September‚ rising by 6.9% from a revised 7.6% in August.
Standard Bank house price index records a modest moderation in September‚ rising by 6.9% from a revised 7.6% in August.
The Standard Bank house price index recorded a modest moderation in September‚ rising by 6.9% year on year (y/y)‚ from a revised 7.6% y/y in August.
In September‚ the nominal index monitoring sectional title units matched the August improvement of 4.2% y/y. The nominal index monitoring freehold properties saw y/y momentum ease to 8.7% y/y in September from 9.5% y/y in August.
In spite of the softness in September‚ the house price index remains range-bound between 7% and 8% y/y.
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