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South Africa (National) House Price Index: All Dwellings
South Africa
Source: First National Bank
House prices in South Africa, % change 1 yr
Nominal and inflation-adjusted ('real')
South Africa
Source: First National Bank
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2024 | -1.63% | -0.38% | -0.48% | 0.76% |
| 2023 | -1.41% | -0.32% | -1.94% | -0.37% |
| 2022 | -0.68% | -0.96% | -1.56% | -0.92% |
| 2021 | 0.12% | 1.00% | -0.97% | -0.35% |
| 2020 | -2.05% | 2.30% | 0.20% | 1.20% |
| 2019 | -0.89% | -0.33% | -0.83% | 0.05% |
| 2018 | 0.03% | 0.29% | -0.84% | 0.11% |
| 2017 | -0.16% | -0.02% | -0.12% | -0.29% |
| 2016 | -0.87% | -0.50% | -0.44% | -0.26% |
| 2015 | 0.59% | -0.10% | -0.17% | 0.75% |
| 2014 | -0.73% | 0.15% | -0.07% | 1.35% |
| 2013 | -0.68% | 1.10% | -0.18% | 2.13% |
| 2012 | -0.61% | 0.21% | 0.47% | -0.01% |
| 2011 | -1.18% | -0.10% | -0.67% | 0.14% |
| 2010 | 0.42% | 0.29% | -0.85% | -0.09% |
| 2009 | -3.42% | -1.40% | -0.59% | 1.46% |
| 2008 | -3.94% | -5.81% | -4.02% | 0.12% |
| 2007 | 2.89% | 3.06% | -0.39% | -2.29% |
| 2006 | 2.58% | 2.21% | 1.88% | 1.80% |
| 2005 | 6.05% | 4.04% | 3.76% | 4.21% |
| 2004 | 7.69% | 6.27% | 7.16% | 8.02% |
| 2003 | 3.21% | 5.35% | 7.03% | 10.93% |
| 2002 | 1.09% | -0.69% | 0.54% | 1.03% |
| 2001 | 1.88% | 1.24% | 1.50% |
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.
Yearly change in house prices, nominal and inflation-adjusted
| Year | Inflation Adjusted | Nominal Change |
| 2024 | -1.73% | 1.10% |
| 2023 | -3.99% | 1.00% |
| 2022 | -4.05% | 3.20% |
| 2021 | -0.21% | 5.70% |
| 2020 | 1.60% | 4.70% |
| 2019 | -1.99% | 1.90% |
| 2018 | -0.42% | 4.12% |
| 2017 | -0.59% | 3.85% |
| 2016 | -2.06% | 4.75% |
| 2015 | 1.07% | 6.32% |
| 2014 | 0.68% | 6.20% |
| 2013 | 2.37% | 7.72% |
| 2012 | 0.06% | 5.77% |
| 2011 | -1.81% | 4.36% |
| 2010 | -0.23% | 3.10% |
| 2009 | -3.95% | 2.03% |
| 2008 | -13.05% | -5.08% |
| 2007 | 3.20% | 11.01% |
| 2006 | 8.75% | 13.99% |
| 2005 | 19.31% | 21.70% |
| 2004 | 32.47% | 35.40% |
| 2003 | 29.09% | 26.97% |
| 2002 | 1.97% | 15.75% |
The yearly changes table looks at the last quarter's/month's index values for a given year and compares it with the same quarter/month of the previous year to gauge the change in house prices during that given year.