Subscribe & Follow

Advertise your job vacancies

Standard Bank's house price index eases in December

9 Jan 2014

The Standard Bank's house price index ended 2013 on a more modest note‚ with growth easing to 5.5% in December year on year from 6.6% in November.

House prices are unlikely to rise significantly in 2014 says Standard Bank. Image: cherezoff Fotolia

"Last year as a whole exhibited much the same trend as 2012‚" Standard Bank said‚ adding that house price index improvements averaged 7.1%‚ compared with 7.2% in 2012.

"This is consistent with our view of a housing market is biding its time in single-digit growth territory," the bank said.

Support stemmed from resilient trends in mortgage credit‚ it said.

The bank said it expects growth in house prices to be limited to the upper single-digit level this year‚ adding that households may enjoy some relief stemming from a moderating consumer price index.

"Monetary policy is largely anticipated to continue to be accommodative in 2014‚" it said.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za