As at the end of August 2017, the national house price inflation index was at 4.1 %. The market has since stabilized in the 3%-7% range following a slowdown over recent months as shown by the provincial indices.
Although this is true for most of them, on the one hand is the North-West province which is still recovering and showing some optimism, and a buoyantly growing Northern Cape index on the other currently at 22.4%.
The inland municipalities Ekurhuleni, City of Tshwane and City of Johannesburg metros are growing stably at rates between 2% and 4% whereas the coastal municipalities are generally performing above this range. This relationship extends to all coastal and inland properties as shown by their respective indices.
Both the Low value and Mid value wealth segments continue to buck the trend by growing at more than 7% annually.
The High and Luxury wealth segments are inflating at rates below 4% with the Luxury inflation below the 0% rate.
Read more here: Lightstone Index: Property Inflation for September