House Price Indices - October 2018
The market is currently ranging in the 2% - 5% zone following a slow down in recent months as shown by the provincial indices. This is true for most of our provinces except the Western Cape and Northern Cape; the Western Cape is currently growing at an unmatched annual rate of 9.0% and Northern Cape is on the other extreme end with a growth rate of 2.0% per annum.
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Lightstone's November House Price Indices are based on globally accepted statistical principles with broad application in real estate and property finance. Lightstone applies a 'repeat sales' methodology as opposed to a general 'average house price' methodology. The benefit of the repeat sales methodology is that inflation and trends are based on properties which have repeatedly transacted in a certain time period and are less influenced by the mix of transacting properties, as is the case with an average house price approach.
Click here to view the Report
Lightstone's November House Price Indices are based on globally accepted statistical principles with broad application in real estate and property finance. Lightstone applies a 'repeat sales' methodology as opposed to a general 'average house price' methodology. The benefit of the repeat sales methodology is that inflation and trends are based on properties which have repeatedly transacted in a certain time period and are less influenced by the mix of transacting properties, as is the case with an average house price approach.
