House price inflation in South Africa remains virtually flat, but sellers should expect some relief in the coming months due to a pick-up in demand.“These low levels of house price appreciation should persist in the near term, amid still elevated living and borrowing costs, as well as heightened political uncertainty, both domestically and internationally,” FNB said.
Recent trends in activity rating suggest that home buying bottomed out between 2Q23 and 3Q23 and is now on the path to recovery. On a per-province basis, the Eastern Cape saw the strongest recovery, from 5.0 to 5.8, while the Western Cape recorded the highest activity, from 6.0 to 6.5.
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