Property
Housing Market Outlook: Entering a new cycle in 2026
The South African housing market enters 2026 at a critical cyclical turning point. After a prolonged adjustment phase following the post pandemic tightening cycle, market conditions are shifting from a period characterised by supply led price resilience toward a phase of gradually improving and increasingly broad based demand.
10 February 2026
Property
Property Barometer - July 2025
The FNB House Price Index (HPI) remained steady in July, averaging 3.7% y/y, with June figures revised upward from 3.2% to 3.7%. This marks a notable shift, as house prices are now rising faster than inflation. For the first time in the postpandemic era, equity values generated by sectional title properties marginally outpaced those of freestanding homes (3.8% vs. 3.7%).
01 August 2025
Property
House price growth moved sideways in January
The FNB House Price Index growth averaged 0.6% y/y in January, unchanged from December, which was revised from 0.8%. The sideways movement house price appreciation is consistent with our view that price growth bottomed in 4Q23, but that a discernible upward trend should commence in 2H24, once affordability improves.
12 February 2024
Property
Housing Market Outlook: Entering a new cycle in 2026
The South African housing market enters 2026 at a critical cyclical turning point. After a prolonged adjustment phase following the post pandemic tightening cycle, market conditions are shifting from a period characterised by supply led price resilience toward a phase of gradually improving and increasingly broad based demand.
10 February 2026
Property
Property Barometer - July 2025
The FNB House Price Index (HPI) remained steady in July, averaging 3.7% y/y, with June figures revised upward from 3.2% to 3.7%. This marks a notable shift, as house prices are now rising faster than inflation. For the first time in the postpandemic era, equity values generated by sectional title properties marginally outpaced those of freestanding homes (3.8% vs. 3.7%).
01 August 2025
Property
House price growth moved sideways in January
The FNB House Price Index growth averaged 0.6% y/y in January, unchanged from December, which was revised from 0.8%. The sideways movement house price appreciation is consistent with our view that price growth bottomed in 4Q23, but that a discernible upward trend should commence in 2H24, once affordability improves.
12 February 2024
Disclaimer
This Publication note is issued by FNB for the information of clients only and should not be produced in whole or part without prior permission. Although FNB is an Authorised Financial Services Provider, any opinions and/or analysis contained in this Publication are for informational purposes only and should not be considered advice, including but not limited to financial, legal or tax advice, or a recommendation to invest in any security or to adopt any investment strategy. The information contained herein has been obtained from sources/persons which we believe to be reliable. Still, it is not guaranteed for correctness, completeness or otherwise. We do not assume liability for loss arising from errors in the information or that may be suffered from using or relying on the information contained herein, irrespective of whether there has been any negligence by us, our affiliates or any other employees of ours, and whether such losses are direct or consequential. As market and economic conditions are subject to rapid change, any comments, opinions and analyses are rendered as of the date of publishing and may change without notice. Such changes may have a material impact on the outcome of any investment. Securities involve a degree of risk and are volatile instruments. Past performance is not indicative of future performance. Securities or financial instruments mentioned in the Publication note may not be suitable for all investors, and FNB bears no responsibility whatsoever arising from or as a consequence thereof. The material is not intended as a complete analysis of every material fact regarding any share, instrument, sector, region, market, country, investment or strategy. The recipient of this Publication must make their own investment decision and is advised to contact their relationship manager for a personal financial analysis before making any investment decisions. Copyright 2023.
