Properties in these provinces are outpacing all the rest

Low-value properties have experienced the highest inflation rate since 2019, peaking at 12.5% in 2021.

When analyzing and reporting property data, Lightstone uses repeat sales indices. Lightstone said this method is unlike “average house price” indices, repeat sales indices offer a more accurate measure of the real price inflation for houses that have been sold multiple times within a specific timeframe.

This approach provides a clearer understanding of how property prices have changed over time by focusing on individual transactions rather than relying on average values. Below are a selection of graphs illustrating the change in property inflation across different value segments: Inflation also fluctuates across different provinces. Lightstone reported that Limpopo has the highest inflation status at 7.18%, followed by Mpumalanga at 7.15% and the Western Cape in third at 6.28%.When taking into account the difference in property inflation across municipalities. Lighstone reported that Nelson Mandela Bay saw the highest property inflation rate at 3.9%. The area’s property inflation peaked in the first half of 2022 at 6.9%.City of Johannesburg: 0.

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