Annual house price growth moved lower in November Annual growth in the FNB House Price Index was unchanged in November, at 3.2% y/y, following October's outcome that was upwardly revised to 3.2% from 3.0% (Figure 1). Slower price growth appears to be broadbased, with Nelson Mandela Bay a top pick among the six major metros in South Africa (Figure 2). The slowing price growth trend from the post-pandemic highs reflects relatively softer demand amid higher living costs and deteriorating affordability.
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