South Africa's housing market slowing
This content is archived.
The South African housing market is slowing again, after a short-lived recovery from Q4 2012 to Q2 2013.
South African house prices rose in only one year - 2012 - during the past six years. Now the country is back to house price falls, at least in real terms. The house price index for medium-sized houses rose 2.14% during the year to November 2013, according to ABSA, but when adjusted for inflation, medium-sized houses actually saw their prices drop by 2.99%. Contrast this with 7.96% house price rises during the same period last year.
The rest of this archived report is part of Full Access.
