House Prices Are Performing Better Than Expected
Updated: May 8
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: https://rode.co.za/RR20211digital06042021.pdf.