South Africa’s housing market, already battling headwinds, can expect further shocks in the coming months, analysts have warned.
According to the latest FNB Property Barometer released on Thursday, annual house price growth fell to 1.9% in April, down from 2.5% in March – the lowest it has been since December 2009.
There was already a buyer’s market in SA before the coronavirus pandemic, due to existing economic pressures. Supply is exceeding demand, giving buyers more options and negotiating power.
