Guiding consumers since 2009

House prices continue to fall

By Staff Writer

By Roy Cokayne, Business Report

House prices, excluding the effect of inflation, were in line for a drop of about 6 percent on average this year, with a further decline of 3.3 percent next year, Jacques du Toit, an Absa senior property analyst, said yesterday.

Market activity and both nominal and real house price growth were forecast to taper off further this year and into next year.

Absa's latest house price index, released yesterday, shows that real house prices dropped by 6.3 percent year on year in May, the fourth consecutive monthly decline and the biggest since April 1993, when it was minus 7.7 percent.

Justmoney.co.za says:

Following on from news by originator Ooba that 50% of home loan applications were declined in June, times do not look good for property sellers and buyers. However Justmoney.co.za's home loans section can help you find the best solution.

Recent Articles

Featured New homeowner? Be aware of these extra expenses

You’ve overcome all the hurdles of buying a home. You’ve managed to pay your deposit and your closing payments, and now you’re a proud title deed holder. However, there are other expenses waiting around the corner. Are you prepared?

Your biggest credit conundrums – answered

Understanding your credit health is one of the most important factors in managing your finances. This is because it gives you insight into your debt, your borrowing ability, and your financial history. While many understand this, there are still many questions on how to do just that.

Avoid debt collectors, choose debt counselling

There are two things you can do when you are struggling to pay your debt. You can either let your creditors hand your debt over to debt collectors – or you can let debt counsellors help you deal with your debt.

Retail notes: easy investment option for new investors

Being a newbie in the world of investing can be challenging because you don’t know where and how to invest. With so many investment options, you could easily be befuddled. Justmoney looks at how retail notes can help you cut your teeth in the world of investing.   

Deals

Translux Student Discount

Price: Depends on destination
When: Daily
Where: Nationwide

Zimbali Senior Citizens Discount

Price: From R1342.00
When: Until 14 December 2019
Where: KwaZulu Natal

Free meal for kids at Mozambik Restaurant

Price: Free
When: Until 15 November 2019
Where: Johannesburg, Durban, Pretoria