April 2011 FNB House Price Index

The April 2011 FNB House Price Index showed further mild acceleration in year-on-year growth on March’s revised rate of 1.2%, to 2.2%.

This is the 2nd successive month of mild acceleration in year-on-year house price growth, an event which we believe is the lagged result of a

further brief flurry of interest rate cutting by the Reserve Bank (SARB) late in 2010. Those rate cuts caused a mild uptick in residential

demand which may have been more than just the usual summer seasonal factors.



Regards,


Ewald Kellerman
Property Market Analytics




FNB Home Loans
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