Lightstone insight – house price indices for residential property
Lightstone Property, good friends and client of CN&CO, are big on data analytics. They provide comprehensive data about property, automotive and business assets in South Africa. This data is used by nearly all the banks and estate agents in the country.
Recently, Lightstone has provided a report on house price indices for residential property in South Africa.
Despite the recent economic conditions and socio-political challenges the market has managed to remain steady, even with a current annual inflation rate of 3.7%
Here’s the latest Lightstone report…
Looking at the overall picture at provincial level the market is evidently stabilizing in the 3%-6% range after a slowdown over recent months. The Western Cape and Mpumalanga province are still slowing down trailing this category of indices, with the latter dropping below the 0% mark. Contrary to other provinces the Northern Cape continues its optimistic growth currently at an unrivalled 21.6% per annum.
For a full report visit the Lightstone
On the property side of things, take a look at these interesting articles from other publications which also refer to Lightstone:
- Buying vs renting: crunching the numbers
- Unrealistic seller expectations in Joburg contribute to declining sales