As at the end of September 2017 the national house price inflation index was at 3.8 %.
As of late the majority of market activity has stabilized in the 2%-7% range following a slowdown over recent months as shown by the provincial indices. Although this is true for most of our indices, we have on the one hand the North-West and Limpopo province which have recoved and are showing some optimism, and a buoyantly growing Northern Cape index on the other currently growing at 22.0%.
The inland municipalities Ekurhuleni, City of Tshwane and City of Johannesburg metros are growing stably at rates between 1% 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 6% annually.
The High and Luxury wealth segments are inflating at rates below 4% with the Luxury inflation testing the 0% rate.
Read more here: Lightstone Residential Property Indices