January 2010 - Posts
Please see attached for the December household credit and mortgage numbers. Mortgage advances growth continued its long declining trend, but overall household sector credit growth rose slightly. Although we saw a slight increase in total household sector...
Please see attached for the latest results of the FNB Property Barometer for the 4 th quarter of 2009. T he FNB Residential Property Barometer survey of estate agents continues to point towards residential market improvement. Demand is up further, albeit...
The latest Leading Indicator (A good indicator of near term moves in both the economy as well as the residential mortgage market) datapoint to appear, that of November 2009, indicated a significant further acceleration, on a month-on-month basis the value...
T he November StatsSA building stats continue to point towards an extremely weak picture for the residential building sector. For the 3 months to November 2009, the square metreage of residential buildings completed declined by -35% year-on-year, almost...
Bad news first. The FNB House price Index showed the average house price for 2009 declining by -3.9% for the year as a whole , when compared to the average price for 2008. The good news? Late in the year the index was firmly on an improving trend, with...