Estate agents reported a surge of positive sentiment during Q1 2025 with activity ratings reaching a three year high according to FNB’s latest Property Barometer.

However, market outcomes are still modest as reflected in slow transaction volume growth and slightly longer selling times – from 11 weeks in Q4 2024 to 12 weeks and 1 day in Q1 2025.

The latest FNB House Price Index (HPI) has revealed a continued, upward trajectory in home values, averaging 2.2% year-on-year in April 2025, up from 2% in March 2025 – representing the fastest pace in almost two years.

Deeds Office data indicates that transaction volumes remain significantly below pre-pandemic levels (16%) which suggests a protracted recovery in market activity.

With the HPI averaging 1.8% year-to-date, FNB currently projects house price growth to approach the 3% mark by 2026.