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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.