Residential Property Prices in South Africa increased 6.60 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for South Africa Residential Property Prices.

Graph and download economic data for Real Residential Property Prices for South Africa (QZAR628BIS) from Q1 1966 to Q2 2025 about South Africa, residential, HPI, housing, real, price index, indexes, and price.

The residential property market in South Africa has grown year-on-year between 2001 and 2023, except for 2008. Since 2009, the annual house price increase varied between *** and eight percent. In 2023, house prices appreciated by *** percent. While the market has been growing, the growth rate was much lower than during the period before the global financial crisis. Meanwhile, rental growth in South Africa has accelerated since 2021.

South Africa ZA: Price to Income Ratio: sa data was reported at 90.320 2015=100 in 2024. This records a decrease from the previous number of 92.422 2015=100 for 2023. South Africa ZA: Price to Income Ratio: sa data is updated yearly, averaging 98.221 2015=100 from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 132.663 2015=100 in 2007 and a record low of 71.323 2015=100 in 1997. South Africa ZA: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Africa – Table ZA.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

South Africa ZA: Standardised Price-Income Ratio: sa data was reported at 93.746 Ratio in 2024. This records a decrease from the previous number of 95.928 Ratio for 2023. South Africa ZA: Standardised Price-Income Ratio: sa data is updated yearly, averaging 101.947 Ratio from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 137.695 Ratio in 2007 and a record low of 74.029 Ratio in 1997. South Africa ZA: Standardised Price-Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Africa – Table ZA.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

South Africa Real Avg Monthly Earnings: Dec2021 Prices: IB: Financial Intermediation, Insurance, Real Estate and Business Services data was reported at 27,660.000 ZAR in Nov 2024. This records a decrease from the previous number of 27,885.000 ZAR for Aug 2024. South Africa Real Avg Monthly Earnings: Dec2021 Prices: IB: Financial Intermediation, Insurance, Real Estate and Business Services data is updated quarterly, averaging 22,029.512 ZAR from May 2018 (Median) to Nov 2024, with 27 observations. The data reached an all-time high of 27,885.000 ZAR in Aug 2024 and a record low of 20,740.489 ZAR in Feb 2020. South Africa Real Avg Monthly Earnings: Dec2021 Prices: IB: Financial Intermediation, Insurance, Real Estate and Business Services data remains active status in CEIC and is reported by Statistics South Africa. The data is categorized under Global Database’s South Africa – Table ZA.G025: Nominal and Real Average Monthly Earnings: 2016 Business Sampling Frame.

South Africa Gross Fixed Capital Formation: 2000p: IN: Financial Intermediation, Real Estate & Biz Services data was reported at 14,102.000 ZAR mn in Jun 2009. This records a decrease from the previous number of 14,241.000 ZAR mn for Mar 2009. South Africa Gross Fixed Capital Formation: 2000p: IN: Financial Intermediation, Real Estate & Biz Services data is updated quarterly, averaging 6,237.500 ZAR mn from Mar 1960 (Median) to Jun 2009, with 198 observations. The data reached an all-time high of 15,994.000 ZAR mn in Dec 2007 and a record low of 1,357.000 ZAR mn in Dec 1961. South Africa Gross Fixed Capital Formation: 2000p: IN: Financial Intermediation, Real Estate & Biz Services data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.A084: SNA 1993: GDP: Gross Fixed Capital Formation: 2000 Price.

South Africa Market Cap: FTSE: Africa Real Estate Investment and Services data was reported at 55,724.403 ZAR mn in Jun 2022. This records a decrease from the previous number of 66,173.914 ZAR mn for May 2022. South Africa Market Cap: FTSE: Africa Real Estate Investment and Services data is updated monthly, averaging 64,548.324 ZAR mn from Mar 2021 (Median) to Jun 2022, with 16 observations. The data reached an all-time high of 72,386.032 ZAR mn in Dec 2021 and a record low of 55,724.403 ZAR mn in Jun 2022. South Africa Market Cap: FTSE: Africa Real Estate Investment and Services data remains active status in CEIC and is reported by FTSE Russell. The data is categorized under Global Database’s South Africa – Table ZA.Z003: Financial Times Stock Exchange: Enhanced ICB Framework: Market Capitalization: by Index.

In 2017, the amount of throat pastilles and cough drops (not containing medicinal properties) imported into South Africa totaled X tons, jumping by X% against the previous year. Overall, imports of throat pastilles and cough drops (not containing medicinal properties) continue to indicate a temperate decrease. The growth pace was the most rapid in 2017, when the imports increased by X% from the previous year.

The average sales price of office real estate in the Gauteng and KwaZulu Natal provinces in South Africa increased in 2021, while in the Western Cape and Rest of South Africa, they fell. Gauteng, where Johannesburg is situated had the most expensive office space at almost ****** South African rands per square meter in 2021.

Home buyers in South Africa paid on average *** percent of home price as a deposit when taking out a mortgage loan in the second quarter of 2022. For first-time buyers, this percentage was slightly higher at *** percent.

South Africa Market Cap: FTSE: Africa Real Estate Investment Trusts data was reported at 181,176.755 ZAR mn in Jun 2022. This records a decrease from the previous number of 200,104.457 ZAR mn for May 2022. South Africa Market Cap: FTSE: Africa Real Estate Investment Trusts data is updated monthly, averaging 195,601.485 ZAR mn from Mar 2021 (Median) to Jun 2022, with 16 observations. The data reached an all-time high of 209,079.858 ZAR mn in Mar 2022 and a record low of 169,826.196 ZAR mn in Mar 2021. South Africa Market Cap: FTSE: Africa Real Estate Investment Trusts data remains active status in CEIC and is reported by FTSE Russell. The data is categorized under Global Database’s South Africa – Table ZA.Z003: Financial Times Stock Exchange: Enhanced ICB Framework: Market Capitalization: by Index.

South Africa Gross Fixed Capital Formation: Industry: Financial Intermediation, Real Estate & Biz Services (FR) data was reported at 152,246.500 ZAR mn in 2017. This records a decrease from the previous number of 154,676.693 ZAR mn for 2016. South Africa Gross Fixed Capital Formation: Industry: Financial Intermediation, Real Estate & Biz Services (FR) data is updated yearly, averaging 3,756.000 ZAR mn from Dec 1946 (Median) to 2017, with 72 observations. The data reached an all-time high of 154,676.693 ZAR mn in 2016 and a record low of 68.000 ZAR mn in 1946. South Africa Gross Fixed Capital Formation: Industry: Financial Intermediation, Real Estate & Biz Services (FR) data remains active status in CEIC and is reported by Statistics South Africa. The data is categorized under Global Database’s South Africa – Table ZA.A027: SNA 2008: GDP: Gross Fixed Capital Formation: Current Price: Annual.

South Africa Gross Fixed Capital Formation: 2010p: IN: Financial Intermediation, Real Estate & Biz Services data was reported at 107,958.801 ZAR mn in 2017. This records a decrease from the previous number of 114,293.445 ZAR mn for 2016. South Africa Gross Fixed Capital Formation: 2010p: IN: Financial Intermediation, Real Estate & Biz Services data is updated yearly, averaging 49,371.000 ZAR mn from Dec 1946 (Median) to 2017, with 72 observations. The data reached an all-time high of 128,390.000 ZAR mn in 2008 and a record low of 10,576.000 ZAR mn in 1946. South Africa Gross Fixed Capital Formation: 2010p: IN: Financial Intermediation, Real Estate & Biz Services data remains active status in CEIC and is reported by Statistics South Africa. The data is categorized under Global Database’s South Africa – Table ZA.A030: SNA 2008: GDP: Gross Fixed Capital Formation: 2010 Price: Annual.

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Particle Board Market Size 2024-2028

The particle board market size is forecast to increase by USD 4.79 billion at a CAGR of 4% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for this versatile material in various applications. In the realm of furniture manufacturing, particle boards are widely used for their affordability and ease of use. In construction, they are employed in both residential and commercial projects, particularly in affordable housing and modular construction. Sustainable building practices are gaining popularity, and the use of particle boards, which are derived from renewable resources, aligns with this trend. High-end particle boards, which offer enhanced properties like fire retardancy and moisture resistance, are increasingly preferred in high-end applications. The market's growth is driven by the rising number of infrastructural and construction activities and the increasing need for eco-friendly materials. However, the low durability of particle boards remains a challenge that manufacturers must address to maintain market competitiveness. 

What will be the Size of the Market During the Forecast Period?

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The market is a significant segment of the building materials industry, with applications spanning various sectors including furniture and construction. This market encompasses a range of engineered wood products, including laminated particle board, pre-laminated particle boards, low-density fiberboard, and plain particle board. In the furniture industry, particle boards are extensively used due to their affordability and versatility. These wood-based products offer aesthetic appeal and mechanical properties suitable for a wide range of furniture applications. Particle boards are often utilized in DIY projects and home improvement, providing cost-effective alternatives to solid wood.



Furthermore, particle boards are also used as subfloors, offering excellent mechanical properties and dimensional stability. In addition, they are used in renovations of office buildings and other structures. Affordable housing is another key sector where particle boards play a crucial role. Their low cost and ease of use make them an ideal choice for constructing and renovating homes. High-end particle boards, which offer enhanced fire-retardant and moisture-resistant properties, are also gaining popularity in the construction industry. Sustainable building practices are increasingly influencing the market. Manufacturers are focusing on producing particle boards using renewable raw materials and implementing eco-friendly production processes. The versatility, affordability, and mechanical properties of particle boards make them an indispensable part of the building materials industry.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Residential
  Commercial
  Industrial


Geography

  APAC

    China
    India


  North America

    US


  Europe

    Germany
    UK


  Middle East and Africa



  South America

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

Particle board is gaining popularity as a versatile building material due to its various applications and affordable price point. This eco-friendly material is manufactured using wood waste, such as wood chips, sawdust, and shavings, combined with resin. In residential applications, particle board is frequently used as an alternative to plywood or medium-density fiberboard to cut down on construction costs. Particle board is a preferred choice for furniture manufacturing due to its affordability and ease of use. It can be molded into various shapes and sizes, making it ideal for producing a wide range of furniture pieces, from cabinets and wardrobes to tables and chairs.

Furthermore, particle board is utilized in construction for various purposes, including as a substitute for plywood in roofing and wall sheathing. It is also used in the production of modular homes and pre-fabricated buildings, which are becoming increasingly popular for affordable housing solutions. Particle board is available in various grades, including fire-retardant and moisture-resistant options, making it suitable for use in different applications. Sustainable building practices are increasingly important, and particle board production from wood waste contributes to a greener construction industry.

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The residential segment was valued at USD 10.66 billion in 2018 and showed a gradual increase

South Africa GDP: 2000p: saar: GVA: Finance, Real Estate and Business Services data was reported at 255,279.000 ZAR mn in Jun 2009. This records a decrease from the previous number of 256,809.000 ZAR mn for Mar 2009. South Africa GDP: 2000p: saar: GVA: Finance, Real Estate and Business Services data is updated quarterly, averaging 165,600.500 ZAR mn from Mar 1993 (Median) to Jun 2009, with 66 observations. The data reached an all-time high of 258,309.000 ZAR mn in Dec 2008 and a record low of 116,472.000 ZAR mn in Mar 1993. South Africa GDP: 2000p: saar: GVA: Finance, Real Estate and Business Services data remains active status in CEIC and is reported by Statistics South Africa. The data is categorized under Global Database’s South Africa – Table ZA.A063: SNA 1993: GDP: by Industry: 2000 Price: Seasonally Adjusted at Annual Rates. Rebased from 2000p to 2005p Replacement series ID: 228388802

South Africa GDP: 2000p: GVA: Tertiary Industry: FR: Real Estate data was reported at 48,878.900 ZAR mn in 2007. This records a decrease from the previous number of 51,064.640 ZAR mn for 2006. South Africa GDP: 2000p: GVA: Tertiary Industry: FR: Real Estate data is updated yearly, averaging 52,305.000 ZAR mn from Dec 1993 (Median) to 2007, with 15 observations. The data reached an all-time high of 54,153.000 ZAR mn in 1997 and a record low of 45,807.010 ZAR mn in 1993. South Africa GDP: 2000p: GVA: Tertiary Industry: FR: Real Estate data remains active status in CEIC and is reported by Statistics South Africa. The data is categorized under Global Database’s South Africa – Table ZA.A062: SNA 1993: GDP: by Industry: 2000 Price: Annual.

South Africa GDP: 2000p: GVA: Finance, Real Estate and Business Services data was reported at 63,370.000 ZAR mn in Jun 2009. This records a decrease from the previous number of 63,513.000 ZAR mn for Mar 2009. South Africa GDP: 2000p: GVA: Finance, Real Estate and Business Services data is updated quarterly, averaging 41,202.000 ZAR mn from Mar 1993 (Median) to Jun 2009, with 66 observations. The data reached an all-time high of 65,588.000 ZAR mn in Dec 2008 and a record low of 28,594.000 ZAR mn in Mar 1993. South Africa GDP: 2000p: GVA: Finance, Real Estate and Business Services data remains active status in CEIC and is reported by Statistics South Africa. The data is categorized under Global Database’s South Africa – Table ZA.A061: SNA 1993: GDP: by Industry: 2000 Price. Rebased from 2000p to 2005p Replacement series ID: 228387402