The FNB HPI annual house price appreciation for March rose to 4.5% y/y, up from 4.2% in February, as demand continues to outperform expectations. We note from our estate agents survey that 75% of interviewed agents reported “shrinking supply as sellers withdraw properties from market/reluctant to put properties up for sale”.

Herewith some very important information for all the sellers in the market. Rule of thumb, get in touch with your bank as soon as your property is listed for sale. Alternatively phone us at 021 300 1650 and we will gladly assist you with the process.