House prices in South Africa: ABSA index, all dwellings (2000=100)
Economics Team | August, 29, 2020
South Africa
House prices in South Africa. ABSA releases a monthly house price index for South Africa, based on the total purchase price of houses of 80m2 to 400 m2 size, costing R3.5 million or less, whose loans were approved by ABSA. The time-series stretches back to 2006.
House price changes in South Africa, nominal and inflation-adjusted ('rea')
% change over a year earlier
South Africa
Source: ABSA
Quarterly Change in house prices
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | -1.45 | |||
| 2019 | -0.75 | 0.12 | 0.1 | 0.01 |
| 2018 | 0.09 | 0.04 | -0.52 | 0.16 |
| 2017 | -0.07 | 0.04 | -0.25 | -0.33 |
| 2016 | -0.92 | -0.56 | -0.54 | -0.32 |
| 2015 | 0.36 | -0.19 | -0.04 | 0.87 |
| 2014 | -0.81 | 0.16 | 0.22 | 1.35 |
| 2013 | -0.42 | 0.86 | -0.08 | 1.96 |
| 2012 | -0.66 | 0.29 | 0.48 | -0.18 |
| 2011 | -1.36 | 0.06 | -0.46 | 0.01 |
| 2010 | 0.39 | 0.14 | -0.87 | 0.12 |
| 2009 | -3.39 | -1.47 | -0.63 | 1.51 |
| 2008 | -4.1 | -5.98 | -4 | 0.36 |
| 2007 | 2.9 | 2.97 | -0.31 | -2.29 |
| 2006 | 2.33 | 1.77 | 1.77 |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
