The information provider Lightstone has released its latest residential property indices, which show that house prices in the country rose 3.0% last year.
The market has been ranging in the 2% - 5% zone for some time now, Lightstone says.
"But this is slowly changing as more provinces start to break above this range, namely Mpumalanga, Limpopo and the Northern Cape province."
The Western Cape residential property market continues to outperform the rest of the provinces with an annual rate of 7.6% despite a drop of about 3 percentage points in the last 12 months.
Ekurhuleni, City of Tshwane and City of Johannesburg metros are at rates between 2% and 5% whereas the coastal municipalities are generally performing above this range.
Low-value (houses below R250,000) and mid-value (R250,000 to R700,000) properties continue to outperform high value (up to R1.5 million) and luxury (above R1.5 million) house prices.
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