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commentary

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The FNB House Price Index edged up to 0.5% year-on-year (y/y) growth in June, a slight improvement from 0.3% in May. The low house price growth trajectory aligns with expectations given the persistent high living and borrowing costs.


 

Economics Weekly 5 July 2024


First-time homeownership remains elusive for many South Africans, especially the youth. Except for a brief period in 2020/21 when interest rates were cut to record lows, youth participation, defined as mortgage acquisitions by buyers under 35 years of age, has continued to decline steadily since 2010. In this discussion, we explore the latest FNB Estate Agents Survey to understand how first-time buyers are navigating tight monetary policy.


 

Economic Update

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2022 Economic updates


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2022 Reports on consumer and property economics


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2021 Reports on consumer and property economics


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