Lightstone's latest Residential Property indices unveiled
Residential Property Trends Unveiled: Lightstone's Latest Insights
National year-on-year house price inflation has seen a marginal decline to 2.77%, signaling a slight shift from the previous month's figures.
At a provincial level, annual property inflation remains stable in the Eastern Cape, Western Cape, and Gauteng. Notably, there's an uptick in inflation rates in the Northern Cape and North West, while a decrease is observed in the Free State, Limpopo, KwaZulu-Natal, and Mpumalanga compared to the third quarter of 2023.
Delving deeper into property segments, the annual property inflation for Low-Value properties has surged by 9.4%, showcasing robust growth. Conversely, High-Value properties have experienced a slight decrease of 0.8% compared to the previous month. Mid-Value properties show a positive trajectory with a 2.6% increase, whereas Luxury segment properties exhibit a more modest inflation rate of 2.5% compared to the preceding month.
For a comprehensive analysis of these trends and more detailed insights, we invite you to download the full Residential Property Indices report through the provided link. Stay informed and ahead of the curve with Lightstone's latest data.
