Former Black Township house price growth continues to accelerate

The areas formerly classified as “Black Township Areas” under Apartheid Era classifications, saw their house price inflation rate continue to accelerate and outstrip that of the higher value “Former White Suburban Area” in the 2nd quarter of 2015.

Their higher average house price growth appears to reflect greater residential supply constraints relative to demand, compared with the former “White suburban Areas” or areas with other former race classifications.

However, it may also point to a typical “late in the cycle” search for affordability, as the household sector starts to feel more financially constrained.

Read more – FNB_Property_Barometer_ Townships_Aug_2015