Search Property For Sale

Staying ahead: West is still best

Google+ Pinterest LinkedIn Tumblr +

House-price inflation in the Western Cape continues to outperform the rest of the country.

House-price inflation in the Western Cape continues to outperform the rest of the country, with the annual rate at the end of June at 5.4%.

Although this rate has declined by three percentage points over the past 12 months, it is still higher than the national house-price inflation of 3.5%, according to new Lightstone data.

The inland municipalities Ekurhuleni, City of Tshwane and City of Johannesburg metros are growing stably at rates between 1.5% and 4%, and the coastal municipalities are generally performing above this range.

Lightstone’s Residential Property Index for July lists the monthly price inflation per province as:

◆Western Cape: 5%

◆Eastern Cape: 3.3%

◆Limpopo: 3.3%

◆KwaZulu-Natal: 2.6%

◆Gauteng: 2.2%

◆Free State: 2%

◆North-West: 2%

◆Northern Cape: 1.9%

◆Mpumalanga: 1.8%

Share.

About Author