House prices increased by 15,5%

The average house cost R911800 in April, 15,5percent higher than the same month a year ago, according to Absa's House Price Index. This indicates that the house price boom has slowed from March's 15,7percent. The Absa House Price Index is based on the purchase price of houses between 80m² and 400m², which were valued at R2,7million rand or less in 2006. - Staff reporter

The average house cost R911800 in April, 15,5percent higher than the same month a year ago, according to Absa's House Price Index. This indicates that the house price boom has slowed from March's 15,7percent. The Absa House Price Index is based on the purchase price of houses between 80m² and 400m², which were valued at R2,7million rand or less in 2006. - Staff reporter

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