Lightstone Report | Residential Property Indices
EXCLUSIVE Members get access to frequent property insights reports from Lightstone. Market review "National year-on-year house price inflation currently stands at 2.29%, showing a slight decrease from the previous month. On a provincial level, annual property inflation has remained steady in the Eastern Cape, Gauteng and KwaZulu-Natal. However, it has increased in the Northern Cape, while decreasing in the Free State, Limpopo, North West, Western Cape and Mpumalanga compared to the third quarter of 2023. Annual property inflation for properties in the Low-Value segment has an adjusted increase of 9,0%, while there was a decrease rate of 1.6% for High- Value properties compared to the previous month. Mid-Value properties have experienced a decrease to 1,4%, while inflation for properties in the Luxury segment is higher at 2,8%."