As at the end of December 2018 the national house price inflation index was at 3.0 %.
The market has been ranging in the 2% – 5% zone for some time now following a slow down in recent months as shown by the provincial indices but this is slowly changing as more provinces start to break above this range, namely Mpumalanga, Limpopo and the Northern Cape province. The western Cape has been and still continues to outperform the rest of the provinces with an annual rate of 7.6% despite a drop of about 3 percentage points in the last twelve months.
The inland municipalities Ekurhuleni, City of Tshwane and City of Johannesburg metros are growing stably at rates between 2% and 5% 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.
The Low Value and Mid value wealth segments continue to buck the trend by growing at more than 4% annually whilst the rest are inflating at rates below 3%.
Read more here: Lightstone Residential Property Indices – January 2019
