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  • Writer's pictureMacJin Private Office

House Prices Are Performing Better Than Expected

Updated: May 9, 2021

The first issue of Rode's Report on the South African Property Market for 2021 shows that house prices are performing better than expected.

" House prices in South Africa remain buoyant, with nominal price growth reaching about 4% in February 2021 compared to February 2020, based on FNB data. This implies that so far in 2021 house prices have surprisingly outpaced consumer inflation, which averaged 3% in the first two months. This is very encouraging as house prices have been declining in real terms, after deducting consumer inflation, since 2016 " says Rode Report editor, Kobus Lamprecht.

Read the complete report here:

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