Graph and download economic data for Real Residential Property Prices for South Africa (QZAR368BIS) from Q1 1967 to Q2 2025 about South Africa, residential, housing, real, and price.

Residential Property Prices in South Africa increased 5.90 percent in April of 2025 over the same month in the previous year. This dataset includes a chart with historical data for South Africa Residential Property Prices.

Abstract

The Residential Property Price Index (RPPI) for South Africa was compiled by Statistics South Africa in partnership with the South African Reserve Bank and with the support of the International Monetary Fund. The source data for the RPPI are the records of property transactions registered with the Office of the Chief Registrar of Deeds (Deeds office). The RPPI is compiled using internationally accepted methods as outlined in Eurostat's Handbook on Residential Property Price Indices and the IMF's Residential Property Price Index Practical Compilation Guide. These documents are provided with the data. The indices are calculated using a rolling window time dummy hedonic regression model. The purpose of RPPIs is to measure changes in the price of residential properties, such as houses, townhouses and flats, purchased by households. Both new and existing dwellings are covered, independently of their final use and their previous owners. Only market prices are considered, including the price of the land on which residential buildings are located.

Analysis unit

Other

Kind of data

Administrative records

Mode of data collection

Other

This dataset provides values for RESIDENTIAL PROPERTY PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The prices for the cheapest newly built housing in two African countries, Sudan and South Sudan, exceeded 90,000 U.S. dollars in 2024. In the Seychelles, the price of the most affordable housing was about 52,363 U.S. dollars. Nigeria, Kenya, and Egypt all had house prices under 10,000 U.S. dollars.

Real residential property prices Y-on-Y, percent change in South Africa, June, 2025 The most recent value is 0.43 percent as of Q2 2025, an increase compared to the previous value of -1.23 percent. Historically, the average for South Africa from Q1 1990 to Q2 2025 is 1.69 percent. The minimum of -15.09 percent was recorded in Q3 2008, while the maximum of 33.27 percent was reached in Q3 2004. | TheGlobalEconomy.com

Cape Town was the most expensive metro to buy a home in South Africa in 2024. The average sales price of residential property was 1.9 million South African rands in that year, which was roughly double the price paid in Port Elizabeth.

South Africa Residential Real Estate Market Report is Segmented by Property Type (Villas & Landed Houses, Apartments & Condominiums), by Price Band (Affordable Housing, Mid-Market, and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build), and More), and by Key Cities (Cape Town, Johannesburg, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

View quarterly updates and historical trends for South Africa House Price Index. Source: Federal Reserve Bank of Dallas. Track economic data with YCharts …

In 2024, Israel was the country with the highest inflation-adjusted increase in house prices since 2010 among the Middle Eastern and African countries under observation. In the fourth quarter of the year, the real house price index in Israel exceeded 185 index points, suggesting that, adjusted for inflation, house prices grew 85 percent since 2010, the baseline year when the index value was set to 100. According to the nominal house price index, which does not adjust for the effects of inflation, the price increase was higher.

In 2024, Israel was the country with the highest increase in house prices since 2010 among the Middle Eastern and African countries under observation. In the fourth quarter of the year, the house price index in Israel exceeded 229 index points, suggesting an increase of 129 percent since 2010, the baseline year when the index value was set to 100. It is important to note that the nominal index does not account for the effects of inflation, meaning that, adjusted for inflation, price growth in real terms was slower.

Key information about House Prices Growth

• South Africa house prices grew 7.3% YoY in Nov 2016, following an increase of 6.5% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1967 to Nov 2016, with an average growth rate of 10.5%.
• House price data reached an all-time high of 41.5% in May 1981 and a record low of -9.0% in Jul 1985.

Key information about South Africa Nominal Residential Property Price Index

• South Africa Nominal Residential Property Price Index was reported at 177.560 2010=100 in Sep 2024.
• This records an increase from the previous number of 177.480 2010=100 for Jun 2024.
• South Africa Nominal Residential Property Price Index data is updated quarterly, averaging 19.363 2010=100 from Mar 1966 to Sep 2024, with 235 observations.
• The data reached an all-time high of 178.093 2010=100 in Mar 2024 and a record low of 1.048 2010=100 in Mar 1966.
• South Africa Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

The average sales price for residential properties in South Africa has increased steadily since 2015. In 2024, the average home sold for well over *********** South African rands.

Key information about South Africa Real Residential Property Price Index Growth

• South Africa Real Residential Property Price Index Growth was reported at -3.487 % in Sep 2024.
• This records an increase from the previous number of -4.335 % for Jun 2024.
• South Africa Real Residential Property Price Index Growth data is updated quarterly, averaging -0.248 % from Mar 1967 to Sep 2024, with 231 observations.
• The data reached an all-time high of 33.249 % in Sep 2004 and a record low of -21.627 % in Sep 1985.
• South Africa Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

The average for 2021 based on 45 countries was 43.029 index points. The highest value was in Zimbabwe: 91.5 index points and the lowest value was in Mali: 18.5 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

House price index in South Africa, June, 2025 The most recent value is 183.35 index points as of Q2 2025, an increase compared to the previous value of 181.26 index points. Historically, the average for South Africa from Q1 1990 to Q2 2025 is 85.87 index points. The minimum of 12.41 index points was recorded in Q1 1990, while the maximum of 183.35 index points was reached in Q2 2025. | TheGlobalEconomy.com

Housing Index in South Africa increased to 119.80 points in April from 119.10 points in March of 2025. This dataset provides - South Africa Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Africa Real Estate Market size was valued at USD 22.66 Billion in 2024 and is projected to reach USD 34.51 Billion by 2032, growing at a CAGR of 5.4% from 2026 to 2032.

​The South African real estate market is influenced by several key drivers. Rapid urbanization and population growth have led to increased demand for housing and commercial properties, particularly in metropolitan areas. Economic development and foreign investment have further stimulated the market, with infrastructure improvements enhancing connectivity and making locations more attractive for development. The expansion of the middle class has resulted in higher purchasing power, driving demand for quality housing and commercial spaces. Additionally, technological advancements, such as smart building technologies and digital platforms, are transforming property management and investment strategies. Sustainability trends and compliance with environmental, social, and governance (ESG) criteria are also becoming increasingly important, influencing development practices and investor decisions. Collectively, these factors contribute to the dynamic and evolving landscape of South Africa's real estate market