# The FNB House Price Index rose to 4.5-percent year-on-year in August, its fastest growth in more than three years and the fourth consecutive month of real house price increases. FNB Property Economist, Siphamandla Mkhwanazi says the Western Cape continues to lead, however Gauteng and KwaZulu-Natal show renewed momentum. He emphasised that while demand and prices improve, mortgage lending remains subdued, as cautious credit conditions continue to shape the housing market recovery:
FNB House Price Index shows strong momentum in August [SOUND]
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