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House prices in South Africa: FNB index, all dwellings (2001=100)

March, 17, 2023

South Africa

House prices in South Africa. FNB releases a monthly Repeat Sales House Price index for South Africa, which stretches back to 2001.

House prices in South Africa, % change 1 yr

Nominal and inflation-adjusted ('real')

South Africa

Source: ABSA


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2022-4.29-0.81-1.62-0.39
2021-4.050.37-1.27-0.67
2020-42.23-1.280.12
2019-3.970.34-0.530.28
20180.110.29-0.840.17
2017-0.06-0.04-0.19-0.33
2016-0.88-0.51-0.48-0.3
20150.57-0.17-0.20.87
2014-0.730.160.051.35
2013-0.530.92-0.082.04
2012-0.630.230.48-0.12
2011-1.33-0.09-0.460.04
20100.360.2-0.880.09
2009-3.39-1.38-0.721.6
2008-4.07-5.92-3.970.2
20072.93.06-0.4-2.3
20062.592.221.881.8
20056.014.093.754.21
20047.76.277.158.03
20033.25.357.0310.92
20021.08-0.680.541.03
20011.891.241.5

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.