National house-price inflation was 2.42% at the end of May, reports Lightstone.
The market has consolidated in the 4% zone for provinces with a coastline and 1% for those further inland. Mpumalanga is the only exception among the latter and is currently growing at 4.8% per annum above both ranges.
Lightstone adds that the low and mid-value segments “continue to buck the market trend” by growing at more than 5% annually while the high-value and luxury segments are inflating at rates below 2% per annum.”
House price inflation was 4.6% in the Western Cape and 3.4% in KwaZulu-Natal. North West recorded the lowest price growth.