The FNB House Price Index on Tuesday showed further growth in March compared to February.
Year-on-year growth accelerated from a February revised figure of 6.2 percent to a March rate of 8.6 percent.

FNB's home loans strategist John Loos said in a statement this remained mostly the result of five percentage points' worth of interest rate cuts in 2008/09.

It was also believed to be increasingly supported by the economic growth recovery under way, and the resulting return to positive real household sector disposable income growth from the fourth quarter of 2009.
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