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South Africa House Price Index since 2001

South Africa

Source: First National Bank

House prices in South Africa, % change 1 yr

Nominal and inflation-adjusted ('real')

South Africa

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2024-4.17%
2023-4.08%0.69%-1.43%-0.16%
2022-4.29%-0.81%-1.62%-0.39%
2021-4.05%0.37%-1.27%-0.67%
2020-4%2.23%-1.28%0.12%
2019-3.97%0.34%-0.53%0.28%
20180.11%0.29%-0.84%0.17%
2017-0.06%-0.04%-0.19%-0.33%
2016-0.88%-0.51%-0.48%-0.3%
20150.57%-0.17%-0.2%0.87%
2014-0.73%0.16%0.05%1.35%
2013-0.53%0.92%-0.08%2.04%
2012-0.63%0.23%0.48%-0.12%
2011-1.33%-0.09%-0.46%0.04%
20100.36%0.2%-0.88%0.09%
2009-3.39%-1.38%-0.72%1.6%
2008-4.07%-5.92%-3.97%0.2%
20072.9%3.06%-0.4%-2.3%
20062.59%2.22%1.88%1.8%
20056.01%4.09%3.75%4.21%
20047.7%6.27%7.15%8.03%
20033.2%5.35%7.03%10.92%
20021.08%-0.68%0.54%1.03%
20011.89%1.24%1.5%

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.