National year-on-year house price inflation is at 4.35%, marking a 4th consecutive month of a 5%-or-under growth in prices. Inflation remained steady in the Eastern Cape, Gauteng, Limpopo and Mpumalanga; increased in the North West, Northern Cape and Western Cape; and decreased in the Free State and KwaZulu-Natal. Prices in the Low Value segment continue to outgrow those in the higher-value segments. The inflation rate for this segment is currently at 9%, almost double that of the Mid Value segment at 4.9%.
January 17, 2024
2024: A New Chapter For South Africa’s Residential Property Market
Overview of 2023 The South African property market in 2023 navigated through a challenging global landscape marked by economic and political instability. Influenced by worldwide trends and local economic policies, the market witnessed notable shifts,...