15/09/2026
The latest FNB Property Barometer points to a gradual cooling in South Africa's residential property market, with house price growth easing as higher borrowing costs continue to weigh on demand.
𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝗹𝗼𝘄𝘀
Annual house price growth eased to 5.2% in June, down from 5.7% in May. FNB expects growth to slow further towards 4% by the end of 2026, reflecting softer economic conditions, higher borrowing costs and weaker consumer confidence.
𝗕𝘂𝘆𝗲𝗿𝘀 𝗥𝗲𝗺𝗮𝗶𝗻 𝗣𝗿𝗶𝗰𝗲-𝗖𝗼𝗻𝘀𝗰𝗶𝗼𝘂𝘀
Affordability continues to influence buyer behaviour. While slower price growth may offer some relief, borrowing costs remain an important part of the overall cost of owning a home.
𝗦𝘂𝗽𝗽𝗹𝘆 𝗥𝗲𝗺𝗮𝗶𝗻𝘀 𝗟𝗶𝗺𝗶𝘁𝗲𝗱
The supply of homes coming onto the market remains relatively constrained, while new residential development is subdued. FNB's Market Strength Index shows that demand still marginally exceeds supply, with properties taking an average of around 10 weeks and three days to sell.
𝗥𝗲𝗻𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗵𝗼𝘄𝘀 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲
The rental market continues to perform relatively well, with national rental inflation reaching 4.1% year-on-year in June.
𝗪𝗵𝗮𝘁 𝗧𝗵𝗶𝘀 𝗠𝗲𝗮𝗻𝘀
For sellers, realistic pricing is increasingly important as buyers remain mindful of affordability. For buyers, slower price growth could provide more room for negotiation, although securing the right finance remains key.
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