Current annual property inflation rate is 2.77%
and monthly is 0.28%
National year-on-year house price inflation currently stands at 2.77%, showing a slight decrease from the previous month.
On a provincial level, annual property inflation has remained steady in the Eastern Cape, Western Cape and Gauteng. However, it has increased in the Northern Cape and North West, while decreasing in the Free State, Limpopo, Kwazulu-Natal and Mpumalanga compared to the third quarter of 2023.
Annual property inflation for properties in the Low-Value segment has an adjusted increase of 9,4%, while there was a decrease rate of 0,8% for High-Value properties compared to the previous month. Mid-Value properties have experienced an increase to 2,6%, while inflation for properties in the Luxury segment is lower at 2,5% compared to last month.
You can download the full report here.
.jpg)
