House Price South Africa tracks house prices in South Africa since January 1966. House Price South Africa uses ABSA house prices, as defined at the bottom of this page.
Annual average nominal house prices in South Africa – 1966 to 2011
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Nominal house prices (annual) since 1966
Nominal house prices (monthly) since 1966
Nominal new house prices (quarterly) since 1980
Nominal house prices (annual) predicted to 2050
Real house prices (annual) since 1966
Real house prices (monthly) since 1966
Annual average nominal house prices in South Africa – 2011 to 1966
Year Price Growth 2011 R 1,057,825 2.19% 2010 R 1,035,142 7.30% 2009 R 964,738 -0.24% 2008 R 967,029 3.95% 2007 R 930,296 14.55% 2006 R 812,121 15.31% 2005 R 704,278 22.72% 2004 R 573,887 32.24% 2003 R 433,970 21.18% 2002 R 358,132 15.27% 2001 R 310,685 14.28% 2000 R 271,863 17.12% 1999 R 232,127 4.90% 1998 R 221,284 13.81% 1997 R 194,435 8.94% 1996 R 178,486 3.60% 1995 R 172,276 7.60% 1994 R 160,113 10.68% 1993 R 144,659 4.96% 1992 R 137,825 4.39% 1991 R 132,032 13.39% 1990 R 116,443 14.76% 1989 R 101,468 14.65% 1988 R 88,503 15.10% 1987 R 76,895 9.73% 1986 R 70,078 -3.97% 1985 R 72,973 -7.69% 1984 R 79,048 9.02% 1983 R 72,506 20.28% 1982 R 60,283 20.22% 1981 R 50,143 38.30% 1980 R 36,258 23.83% 1979 R 29,281 11.98% 1978 R 26,147 4.34% 1977 R 25,060 1.89% 1976 R 24,596 6.05% 1975 R 23,193 9.08% 1974 R 21,261 8.27% 1973 R 19,638 15.29% 1972 R 17,034 5.51% 1971 R 16,144 7.02% 1970 R 15,085 14.52% 1969 R 13,172 11.56% 1968 R 11,808 4.51% 1967 R 11,298 18.72% 1966 R 9,516
Monthly average nominal house prices in South Africa – current to Jan 1966
Month Price Growth (month on month) 31-Mar-2012 R 1,006,898 -1.18% 29-Feb-2012 R 1,018,944 -1.30% 31-Jan-2012 R 1,032,389 -1.31% 31-Dec-2011 R 1,046,090 -1.25% 30-Nov-2011 R 1,059,315 -0.94% 31-Oct-2011 R 1,069,409 -0.51% 30-Sep-2011 R 1,074,940 -0.03% 31-Aug-2011 R 1,075,250 0.35% 31-Jul-2011 R 1,071,480 0.62% 30-Jun-2011 R 1,064,902 0.72% 31-May-2011 R 1,057,262 0.83% 30-Apr-2011 R 1,048,610 0.81% 31-Mar-2011 R 1,040,161 0.70% 28-Feb-2011 R 1,032,938 0.52% 31-Jan-2011 R 1,027,622 0.39% 31-Dec-2010 R 1,023,641 0.34% 30-Nov-2010 R 1,020,184 0.22% 31-Oct-2010 R 1,017,992 -0.05% 30-Sep-2010 R 1,018,546 -0.47% 31-Aug-2010 R 1,023,343 -0.90% 31-Jul-2010 R 1,032,595 -1.06% 30-Jun-2010 R 1,043,615 -0.82% 31-May-2010 R 1,052,258 -0.33% 30-Apr-2010 R 1,055,788 0.29% 31-Mar-2010 R 1,052,758 0.87% 28-Feb-2010 R 1,043,646 1.13% 31-Jan-2010 R 1,031,972 1.11% 31-Dec-2009 R 1,020,673 0.95% 30-Nov-2009 R 1,011,021 0.96% 31-Oct-2009 R 1,001,383 1.27% 30-Sep-2009 R 988,850 1.60% 31-Aug-2009 R 973,235 1.78% 31-Jul-2009 R 956,183 1.57% 30-Jun-2009 R 941,438 0.86% 31-May-2009 R 933,394 0.04% 30-Apr-2009 R 933,009 -0.55% 31-Mar-2009 R 938,160 -0.87% 28-Feb-2009 R 946,435 -0.80% 31-Jan-2009 R 954,031 -0.51% 31-Dec-2008 R 958,943 -0.30% 30-Nov-2008 R 961,836 -0.25% 31-Oct-2008 R 964,268 -0.27% 30-Sep-2008 R 966,907 -0.27% 31-Aug-2008 R 969,548 -0.25% 31-Jul-2008 R 971,977 -0.19% 30-Jun-2008 R 973,795 0.04% 31-May-2008 R 973,401 0.21% 30-Apr-2008 R 971,383 0.22% 31-Mar-2008 R 969,257 0.23% 29-Feb-2008 R 966,991 0.24% 31-Jan-2008 R 964,684 0.20% 31-Dec-2007 R 962,723 0.28% 30-Nov-2007 R 960,050 0.39% 31-Oct-2007 R 956,328 0.43% 30-Sep-2007 R 952,228 0.50% 31-Aug-2007 R 947,450 0.70% 31-Jul-2007 R 940,830 0.89% 30-Jun-2007 R 932,507 1.00% 31-May-2007 R 923,282 1.08% 30-Apr-2007 R 913,424 1.18% 31-Mar-2007 R 902,815 1.24% 28-Feb-2007 R 891,719 1.32% 31-Jan-2007 R 880,085 1.44% 31-Dec-2006 R 867,610 1.48% 30-Nov-2006 R 854,970 1.43% 31-Oct-2006 R 842,916 1.30% 30-Sep-2006 R 832,079 1.13% 31-Aug-2006 R 822,778 0.98% 31-Jul-2006 R 814,766 0.95% 30-Jun-2006 R 807,109 1.04% 31-May-2006 R 798,774 1.14% 30-Apr-2006 R 789,755 1.20% 31-Mar-2006 R 780,420 1.17% 28-Feb-2006 R 771,362 1.13% 31-Jan-2006 R 762,709 1.12% 31-Dec-2005 R 754,276 1.15% 30-Nov-2005 R 745,682 1.21% 31-Oct-2005 R 736,746 1.26% 30-Sep-2005 R 727,548 1.30% 31-Aug-2005 R 718,187 1.31% 31-Jul-2005 R 708,902 1.33% 30-Jun-2005 R 699,579 1.35% 31-May-2005 R 690,242 1.35% 30-Apr-2005 R 681,025 1.36% 31-Mar-2005 R 671,917 1.33% 28-Feb-2005 R 663,076 1.36% 31-Jan-2005 R 654,175 1.43% 31-Dec-2004 R 644,932 1.59% 30-Nov-2004 R 634,859 1.83% 31-Oct-2004 R 623,438 2.12% 30-Sep-2004 R 610,487 2.36% 31-Aug-2004 R 596,403 2.50% 31-Jul-2004 R 581,863 2.56% 30-Jun-2004 R 567,326 2.56% 31-May-2004 R 553,168 2.56% 30-Apr-2004 R 539,360 2.61% 31-Mar-2004 R 525,620 2.73% 29-Feb-2004 R 511,628 2.83% 31-Jan-2004 R 497,552 2.87% 31-Dec-2003 R 483,663 2.77% 30-Nov-2003 R 470,643 2.45% 31-Oct-2003 R 459,368 2.08% 30-Sep-2003 R 450,004 1.75% 31-Aug-2003 R 442,272 1.57% 31-Jul-2003 R 435,436 1.53% 30-Jun-2003 R 428,887 1.60% 31-May-2003 R 422,137 1.75% 30-Apr-2003 R 414,891 1.85% 31-Mar-2003 R 407,339 1.86% 28-Feb-2003 R 399,891 1.72% 31-Jan-2003 R 393,111 1.55% 31-Dec-2002 R 387,097 1.39% 30-Nov-2002 R 381,788 1.35% 31-Oct-2002 R 376,694 1.40% 30-Sep-2002 R 371,497 1.52% 31-Aug-2002 R 365,942 1.66% 31-Jul-2002 R 359,976 1.69% 30-Jun-2002 R 353,980 1.66% 31-May-2002 R 348,211 1.44% 30-Apr-2002 R 343,273 1.14% 31-Mar-2002 R 339,390 0.92% 28-Feb-2002 R 336,305 0.87% 31-Jan-2002 R 333,417 0.87% 31-Dec-2001 R 330,539 0.95% 30-Nov-2001 R 327,426 1.12% 31-Oct-2001 R 323,788 1.22% 30-Sep-2001 R 319,876 1.32% 31-Aug-2001 R 315,709 1.33% 31-Jul-2001 R 311,563 1.32% 30-Jun-2001 R 307,507 1.21% 31-May-2001 R 303,831 1.06% 30-Apr-2001 R 300,647 0.90% 31-Mar-2001 R 297,960 0.75% 28-Feb-2001 R 295,730 0.71% 31-Jan-2001 R 293,643 0.85% 31-Dec-2000 R 291,182 1.08% 30-Nov-2000 R 288,069 1.30% 31-Oct-2000 R 284,385 1.49% 30-Sep-2000 R 280,203 1.51% 31-Aug-2000 R 276,027 1.31% 31-Jul-2000 R 272,445 1.04% 30-Jun-2000 R 269,643 0.85% 31-May-2000 R 267,381 0.99% 30-Apr-2000 R 264,755 1.39% 31-Mar-2000 R 261,123 1.87% 29-Feb-2000 R 256,338 2.21% 31-Jan-2000 R 250,803 2.33% 31-Dec-1999 R 245,091 2.10% 30-Nov-1999 R 240,043 1.60% 31-Oct-1999 R 236,269 0.95% 30-Sep-1999 R 234,046 0.44% 31-Aug-1999 R 233,032 0.24% 31-Jul-1999 R 232,482 0.36% 30-Jun-1999 R 231,637 0.65% 31-May-1999 R 230,144 0.86% 30-Apr-1999 R 228,179 0.89% 31-Mar-1999 R 226,173 0.71% 28-Feb-1999 R 224,570 0.32% 31-Jan-1999 R 223,860 -0.21% 31-Dec-1998 R 224,329 -0.52% 30-Nov-1998 R 225,495 -0.44% 31-Oct-1998 R 226,495 -0.03% 30-Sep-1998 R 226,555 0.46% 31-Aug-1998 R 225,508 0.86% 31-Jul-1998 R 223,584 1.03% 30-Jun-1998 R 221,315 0.95% 31-May-1998 R 219,236 0.74% 30-Apr-1998 R 217,627 0.57% 31-Mar-1998 R 216,383 0.55% 28-Feb-1998 R 215,193 0.71% 31-Jan-1998 R 213,685 1.01% 31-Dec-1997 R 211,542 1.40% 30-Nov-1997 R 208,629 1.65% 31-Oct-1997 R 205,244 1.78% 30-Sep-1997 R 201,655 1.85% 31-Aug-1997 R 197,988 1.83% 31-Jul-1997 R 194,431 1.71% 30-Jun-1997 R 191,171 1.58% 31-May-1997 R 188,204 1.32% 30-Apr-1997 R 185,761 0.97% 31-Mar-1997 R 183,972 0.67% 28-Feb-1997 R 182,752 0.48% 31-Jan-1997 R 181,873 0.36% 31-Dec-1996 R 181,229 0.31% 30-Nov-1996 R 180,672 0.31% 31-Oct-1996 R 180,119 0.35% 30-Sep-1996 R 179,486 0.32% 31-Aug-1996 R 178,906 0.26% 31-Jul-1996 R 178,449 0.16% 30-Jun-1996 R 178,164 0.10% 31-May-1996 R 177,977 0.22% 30-Apr-1996 R 177,596 0.30% 31-Mar-1996 R 177,062 0.35% 29-Feb-1996 R 176,451 0.42% 31-Jan-1996 R 175,715 0.51% 31-Dec-1995 R 174,831 0.48% 30-Nov-1995 R 174,002 0.35% 31-Oct-1995 R 173,399 0.17% 30-Sep-1995 R 173,111 0.00% 31-Aug-1995 R 173,108 -0.01% 31-Jul-1995 R 173,121 0.09% 30-Jun-1995 R 172,961 0.24% 31-May-1995 R 172,546 0.40% 30-Apr-1995 R 171,852 0.62% 31-Mar-1995 R 170,794 0.79% 28-Feb-1995 R 169,460 0.79% 31-Jan-1995 R 168,132 0.75% 31-Dec-1994 R 166,889 0.64% 30-Nov-1994 R 165,835 0.54% 31-Oct-1994 R 164,945 0.48% 30-Sep-1994 R 164,158 0.55% 31-Aug-1994 R 163,261 0.71% 31-Jul-1994 R 162,109 0.96% 30-Jun-1994 R 160,564 1.18% 31-May-1994 R 158,698 1.30% 30-Apr-1994 R 156,669 1.34% 31-Mar-1994 R 154,602 1.28% 28-Feb-1994 R 152,656 1.12% 31-Jan-1994 R 150,969 0.87% 31-Dec-1993 R 149,673 0.67% 30-Nov-1993 R 148,679 0.60% 31-Oct-1993 R 147,798 0.59% 30-Sep-1993 R 146,925 0.71% 31-Aug-1993 R 145,891 0.81% 31-Jul-1993 R 144,723 0.84% 30-Jun-1993 R 143,521 0.72% 31-May-1993 R 142,502 0.45% 30-Apr-1993 R 141,864 0.19% 31-Mar-1993 R 141,598 0.07% 28-Feb-1993 R 141,502 0.19% 31-Jan-1993 R 141,236 0.50% 31-Dec-1992 R 140,528 0.86% 30-Nov-1992 R 139,323 1.05% 31-Oct-1992 R 137,869 1.03% 30-Sep-1992 R 136,469 0.69% 31-Aug-1992 R 135,540 0.12% 31-Jul-1992 R 135,377 -0.40% 30-Jun-1992 R 135,918 -0.69% 31-May-1992 R 136,863 -0.75% 30-Apr-1992 R 137,901 -0.68% 31-Mar-1992 R 138,846 -0.47% 29-Feb-1992 R 139,508 -0.18% 31-Jan-1992 R 139,758 0.14% 31-Dec-1991 R 139,566 0.48% 30-Nov-1991 R 138,898 0.77% 31-Oct-1991 R 137,841 0.98% 30-Sep-1991 R 136,504 1.13% 31-Aug-1991 R 134,974 1.26% 31-Jul-1991 R 133,298 1.31% 30-Jun-1991 R 131,578 1.33% 31-May-1991 R 129,857 1.40% 30-Apr-1991 R 128,066 1.44% 31-Mar-1991 R 126,253 1.39% 28-Feb-1991 R 124,525 1.22% 31-Jan-1991 R 123,020 1.01% 31-Dec-1990 R 121,792 0.80% 30-Nov-1990 R 120,828 0.71% 31-Oct-1990 R 119,980 0.67% 30-Sep-1990 R 119,187 0.59% 31-Aug-1990 R 118,486 0.59% 31-Jul-1990 R 117,795 0.71% 30-Jun-1990 R 116,963 0.97% 31-May-1990 R 115,835 1.30% 30-Apr-1990 R 114,352 1.58% 31-Mar-1990 R 112,575 1.71% 28-Feb-1990 R 110,678 1.68% 31-Jan-1990 R 108,850 1.50% 31-Dec-1989 R 107,246 1.12% 30-Nov-1989 R 106,054 0.77% 31-Oct-1989 R 105,246 0.61% 30-Sep-1989 R 104,608 0.69% 31-Aug-1989 R 103,890 0.93% 31-Jul-1989 R 102,933 1.23% 30-Jun-1989 R 101,687 1.49% 31-May-1989 R 100,194 1.63% 30-Apr-1989 R 98,588 1.62% 31-Mar-1989 R 97,020 1.46% 28-Feb-1989 R 95,626 1.17% 31-Jan-1989 R 94,523 0.90% 31-Dec-1988 R 93,679 0.85% 30-Nov-1988 R 92,888 0.94% 31-Oct-1988 R 92,020 1.10% 30-Sep-1988 R 91,017 1.34% 31-Aug-1988 R 89,814 1.47% 31-Jul-1988 R 88,511 1.32% 30-Jun-1988 R 87,359 1.00% 31-May-1988 R 86,495 0.68% 30-Apr-1988 R 85,909 0.56% 31-Mar-1988 R 85,435 0.67% 29-Feb-1988 R 84,863 0.97% 31-Jan-1988 R 84,045 1.31% 31-Dec-1987 R 82,958 1.53% 30-Nov-1987 R 81,705 1.62% 31-Oct-1987 R 80,406 1.55% 30-Sep-1987 R 79,182 1.35% 31-Aug-1987 R 78,129 1.20% 31-Jul-1987 R 77,205 1.16% 30-Jun-1987 R 76,322 1.21% 31-May-1987 R 75,409 1.30% 30-Apr-1987 R 74,440 1.42% 31-Mar-1987 R 73,394 1.49% 28-Feb-1987 R 72,313 1.46% 31-Jan-1987 R 71,272 1.25% 31-Dec-1986 R 70,392 0.88% 30-Nov-1986 R 69,777 0.46% 31-Oct-1986 R 69,460 0.15% 30-Sep-1986 R 69,354 -0.04% 31-Aug-1986 R 69,381 -0.18% 31-Jul-1986 R 69,505 -0.22% 30-Jun-1986 R 69,658 -0.29% 31-May-1986 R 69,858 -0.47% 30-Apr-1986 R 70,187 -0.65% 31-Mar-1986 R 70,649 -0.70% 28-Feb-1986 R 71,149 -0.58% 31-Jan-1986 R 71,566 -0.37% 31-Dec-1985 R 71,830 -0.13% 30-Nov-1985 R 71,925 0.02% 31-Oct-1985 R 71,914 -0.05% 30-Sep-1985 R 71,950 -0.23% 31-Aug-1985 R 72,119 -0.39% 31-Jul-1985 R 72,403 -0.54% 30-Jun-1985 R 72,794 -0.59% 31-May-1985 R 73,228 -0.55% 30-Apr-1985 R 73,632 -0.57% 31-Mar-1985 R 74,055 -0.71% 28-Feb-1985 R 74,584 -0.87% 31-Jan-1985 R 75,236 -0.98% 31-Dec-1984 R 75,980 -1.07% 30-Nov-1984 R 76,802 -1.10% 31-Oct-1984 R 77,654 -1.01% 30-Sep-1984 R 78,442 -0.82% 31-Aug-1984 R 79,087 -0.61% 31-Jul-1984 R 79,570 -0.41% 30-Jun-1984 R 79,901 -0.27% 31-May-1984 R 80,120 -0.18% 30-Apr-1984 R 80,267 -0.10% 31-Mar-1984 R 80,348 0.04% 29-Feb-1984 R 80,314 0.28% 31-Jan-1984 R 80,091 0.70% 31-Dec-1983 R 79,533 1.27% 30-Nov-1983 R 78,538 1.77% 31-Oct-1983 R 77,170 2.00% 30-Sep-1983 R 75,657 1.94% 31-Aug-1983 R 74,216 1.71% 31-Jul-1983 R 72,969 1.53% 30-Jun-1983 R 71,871 1.55% 31-May-1983 R 70,776 1.74% 30-Apr-1983 R 69,562 2.08% 31-Mar-1983 R 68,148 2.36% 28-Feb-1983 R 66,578 2.35% 31-Jan-1983 R 65,050 2.03% 31-Dec-1982 R 63,757 1.54% 30-Nov-1982 R 62,789 1.09% 31-Oct-1982 R 62,114 0.79% 30-Sep-1982 R 61,626 0.78% 31-Aug-1982 R 61,149 0.89% 31-Jul-1982 R 60,611 0.96% 30-Jun-1982 R 60,032 0.96% 31-May-1982 R 59,464 0.97% 30-Apr-1982 R 58,893 1.03% 31-Mar-1982 R 58,294 1.07% 28-Feb-1982 R 57,679 1.22% 31-Jan-1982 R 56,983 1.36% 31-Dec-1981 R 56,216 1.52% 30-Nov-1981 R 55,376 1.73% 31-Oct-1981 R 54,432 1.98% 30-Sep-1981 R 53,378 2.15% 31-Aug-1981 R 52,253 2.36% 31-Jul-1981 R 51,050 2.61% 30-Jun-1981 R 49,751 2.75% 31-May-1981 R 48,420 2.80% 30-Apr-1981 R 47,101 2.80% 31-Mar-1981 R 45,819 2.81% 28-Feb-1981 R 44,568 2.80% 31-Jan-1981 R 43,353 2.77% 31-Dec-1980 R 42,184 2.80% 30-Nov-1980 R 41,033 2.81% 31-Oct-1980 R 39,910 3.02% 30-Sep-1980 R 38,739 3.21% 31-Aug-1980 R 37,533 3.26% 31-Jul-1980 R 36,348 3.16% 30-Jun-1980 R 35,233 2.94% 31-May-1980 R 34,228 2.56% 30-Apr-1980 R 33,375 2.10% 31-Mar-1980 R 32,687 1.70% 29-Feb-1980 R 32,141 1.43% 31-Jan-1980 R 31,688 1.23% 31-Dec-1979 R 31,302 1.10% 30-Nov-1979 R 30,962 1.11% 31-Oct-1979 R 30,621 1.26% 30-Sep-1979 R 30,241 1.35% 31-Aug-1979 R 29,839 1.47% 31-Jul-1979 R 29,406 1.48% 30-Jun-1979 R 28,977 1.44% 31-May-1979 R 28,566 1.21% 30-Apr-1979 R 28,224 0.97% 31-Mar-1979 R 27,954 0.79% 28-Feb-1979 R 27,735 0.71% 31-Jan-1979 R 27,539 0.81% 31-Dec-1978 R 27,317 0.92% 30-Nov-1978 R 27,067 0.96% 31-Oct-1978 R 26,808 1.05% 30-Sep-1978 R 26,530 1.20% 31-Aug-1978 R 26,217 1.16% 31-Jul-1978 R 25,917 0.79% 30-Jun-1978 R 25,715 0.28% 31-May-1978 R 25,643 0.05% 30-Apr-1978 R 25,629 -0.04% 31-Mar-1978 R 25,640 -0.06% 28-Feb-1978 R 25,655 0.10% 31-Jan-1978 R 25,629 0.46% 31-Dec-1977 R 25,511 0.78% 30-Nov-1977 R 25,314 0.79% 31-Oct-1977 R 25,116 0.33% 30-Sep-1977 R 25,034 -0.21% 31-Aug-1977 R 25,087 -0.42% 31-Jul-1977 R 25,193 -0.09% 30-Jun-1977 R 25,215 0.37% 31-May-1977 R 25,123 0.60% 30-Apr-1977 R 24,974 0.56% 31-Mar-1977 R 24,834 0.54% 28-Feb-1977 R 24,701 0.36% 31-Jan-1977 R 24,612 0.08% 31-Dec-1976 R 24,591 -0.22% 30-Nov-1976 R 24,646 -0.21% 31-Oct-1976 R 24,698 -0.19% 30-Sep-1976 R 24,746 -0.14% 31-Aug-1976 R 24,781 -0.14% 31-Jul-1976 R 24,817 -0.11% 30-Jun-1976 R 24,845 0.25% 31-May-1976 R 24,782 0.69% 30-Apr-1976 R 24,612 0.90% 31-Mar-1976 R 24,393 0.80% 29-Feb-1976 R 24,200 0.68% 31-Jan-1976 R 24,037 0.58% 31-Dec-1975 R 23,899 0.63% 30-Nov-1975 R 23,749 0.72% 31-Oct-1975 R 23,580 0.84% 30-Sep-1975 R 23,383 0.85% 31-Aug-1975 R 23,186 0.47% 31-Jul-1975 R 23,077 0.02% 30-Jun-1975 R 23,072 -0.31% 31-May-1975 R 23,145 -0.16% 30-Apr-1975 R 23,181 0.57% 31-Mar-1975 R 23,048 1.43% 28-Feb-1975 R 22,724 2.04% 31-Jan-1975 R 22,270 2.19% 31-Dec-1974 R 21,792 1.83% 30-Nov-1974 R 21,401 0.79% 31-Oct-1974 R 21,234 -0.17% 30-Sep-1974 R 21,271 -0.62% 31-Aug-1974 R 21,404 -0.37% 31-Jul-1974 R 21,484 0.17% 30-Jun-1974 R 21,448 0.62% 31-May-1974 R 21,316 0.92% 30-Apr-1974 R 21,122 0.85% 31-Mar-1974 R 20,944 0.45% 28-Feb-1974 R 20,850 -0.09% 31-Jan-1974 R 20,870 -0.40% 31-Dec-1973 R 20,953 -0.24% 30-Nov-1973 R 21,005 0.54% 31-Oct-1973 R 20,892 1.54% 30-Sep-1973 R 20,574 2.19% 31-Aug-1973 R 20,132 2.41% 31-Jul-1973 R 19,658 2.11% 30-Jun-1973 R 19,251 1.58% 31-May-1973 R 18,951 0.93% 30-Apr-1973 R 18,777 0.67% 31-Mar-1973 R 18,651 0.80% 28-Feb-1973 R 18,502 1.05% 31-Jan-1973 R 18,309 1.37% 31-Dec-1972 R 18,061 1.50% 30-Nov-1972 R 17,794 1.51% 31-Oct-1972 R 17,530 1.37% 30-Sep-1972 R 17,293 1.36% 31-Aug-1972 R 17,062 1.32% 31-Jul-1972 R 16,839 1.04% 30-Jun-1972 R 16,666 0.50% 31-May-1972 R 16,584 -0.03% 30-Apr-1972 R 16,588 -0.35% 31-Mar-1972 R 16,646 -0.23% 29-Feb-1972 R 16,685 0.20% 31-Jan-1972 R 16,653 0.35% 31-Dec-1971 R 16,595 0.46% 30-Nov-1971 R 16,519 0.63% 31-Oct-1971 R 16,415 0.49% 30-Sep-1971 R 16,336 0.24% 31-Aug-1971 R 16,296 0.12% 31-Jul-1971 R 16,277 0.37% 30-Jun-1971 R 16,216 0.84% 31-May-1971 R 16,081 1.11% 30-Apr-1971 R 15,906 1.00% 31-Mar-1971 R 15,748 0.49% 28-Feb-1971 R 15,671 0.04% 31-Jan-1971 R 15,665 0.11% 31-Dec-1970 R 15,647 0.27% 30-Nov-1970 R 15,605 0.34% 31-Oct-1970 R 15,552 0.52% 30-Sep-1970 R 15,472 0.58% 31-Aug-1970 R 15,383 0.54% 31-Jul-1970 R 15,301 0.69% 30-Jun-1970 R 15,195 0.95% 31-May-1970 R 15,053 1.36% 30-Apr-1970 R 14,851 1.76% 31-Mar-1970 R 14,594 1.96% 28-Feb-1970 R 14,314 1.89% 31-Jan-1970 R 14,048 1.46% 31-Dec-1969 R 13,846 1.17% 30-Nov-1969 R 13,687 0.92% 31-Oct-1969 R 13,562 0.89% 30-Sep-1969 R 13,443 0.84% 31-Aug-1969 R 13,331 0.75% 31-Jul-1969 R 13,231 0.73% 30-Jun-1969 R 13,135 0.96% 31-May-1969 R 13,011 1.07% 30-Apr-1969 R 12,873 1.00% 31-Mar-1969 R 12,746 0.88% 28-Feb-1969 R 12,635 0.54% 31-Jan-1969 R 12,567 0.40% 31-Dec-1968 R 12,516 0.44% 30-Nov-1968 R 12,461 0.80% 31-Oct-1968 R 12,362 1.22% 30-Sep-1968 R 12,213 1.64% 31-Aug-1968 R 12,016 2.01% 31-Jul-1968 R 11,779 1.78% 30-Jun-1968 R 11,573 1.30% 31-May-1968 R 11,424 0.90% 30-Apr-1968 R 11,323 0.27% 31-Mar-1968 R 11,292 -0.31% 29-Feb-1968 R 11,328 -0.67% 31-Jan-1968 R 11,404 -0.92% 31-Dec-1967 R 11,509 -0.77% 30-Nov-1967 R 11,598 -0.41% 31-Oct-1967 R 11,647 -0.05% 30-Sep-1967 R 11,652 0.59% 31-Aug-1967 R 11,583 1.02% 31-Jul-1967 R 11,466 1.16% 30-Jun-1967 R 11,335 0.87% 31-May-1967 R 11,236 0.65% 30-Apr-1967 R 11,163 1.10% 31-Mar-1967 R 11,042 1.95% 28-Feb-1967 R 10,831 3.06% 31-Jan-1967 R 10,509 3.99% 31-Dec-1966 R 10,106 3.81% 30-Nov-1966 R 9,735 2.70% 31-Oct-1966 R 9,480 1.30% 30-Sep-1966 R 9,358 -0.41% 31-Aug-1966 R 9,397 -1.33% 31-Jul-1966 R 9,523 -0.98% 30-Jun-1966 R 9,617 0.00% 31-May-1966 R 9,617 0.84% 30-Apr-1966 R 9,538 1.24% 31-Mar-1966 R 9,421 1.38% 28-Feb-1966 R 9,292 1.95% 31-Jan-1966 R 9,114
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New house prices in South Africa – Q1 1980 to current
Quarter ending Old house New house % more expensive 31-Mar-1980 R 30,691 R 41,668 26.3% 30-Jun-1980 R 33,015 R 42,116 21.6% 30-Sep-1980 R 36,328 R 44,699 18.7% 31-Dec-1980 R 39,791 R 49,366 19.4% 31-Mar-1981 R 43,078 R 52,634 18.2% 30-Jun-1981 R 47,124 R 53,996 12.7% 30-Sep-1981 R 51,387 R 56,113 8.4% 31-Dec-1981 R 55,069 R 56,010 1.7% 31-Mar-1982 R 57,621 R 57,970 0.6% 30-Jun-1982 R 59,325 R 60,502 1.9% 30-Sep-1982 R 60,955 R 61,664 1.2% 31-Dec-1982 R 62,607 R 63,620 1.6% 31-Mar-1983 R 66,776 R 66,959 0.3% 30-Jun-1983 R 71,397 R 70,071 -1.9% 30-Sep-1983 R 74,342 R 74,604 0.4% 31-Dec-1983 R 77,437 R 81,598 5.1% 31-Mar-1984 R 78,369 R 84,996 7.8% 30-Jun-1984 R 77,835 R 85,042 8.5% 30-Sep-1984 R 77,296 R 82,938 6.8% 31-Dec-1984 R 76,591 R 77,637 1.3% 31-Mar-1985 R 75,255 R 74,154 -1.5% 30-Jun-1985 R 74,195 R 72,225 -2.7% 30-Sep-1985 R 73,441 R 69,685 -5.4% 31-Dec-1985 R 73,045 R 68,339 -6.9% 31-Mar-1986 R 72,573 R 66,272 -9.5% 30-Jun-1986 R 71,880 R 65,212 -10.2% 30-Sep-1986 R 72,114 R 64,260 -12.2% 31-Dec-1986 R 73,221 R 64,176 -14.1% 31-Mar-1987 R 75,670 R 66,525 -13.7% 30-Jun-1987 R 78,141 R 69,463 -12.5% 30-Sep-1987 R 80,321 R 72,766 -10.4% 31-Dec-1987 R 83,338 R 77,354 -7.7% 31-Mar-1988 R 85,977 R 82,030 -4.8% 30-Jun-1988 R 87,747 R 84,289 -4.1% 30-Sep-1988 R 90,850 R 87,222 -4.2% 31-Dec-1988 R 93,334 R 90,309 -3.4% 31-Mar-1989 R 95,613 R 94,986 -0.7% 30-Jun-1989 R 99,015 R 104,914 5.6% 30-Sep-1989 R 101,852 R 113,822 10.5% 31-Dec-1989 R 104,123 R 119,718 13.0% 31-Mar-1990 R 108,118 R 131,705 17.9% 30-Jun-1990 R 112,499 R 143,661 21.7% 30-Sep-1990 R 114,803 R 154,349 25.6% 31-Dec-1990 R 117,289 R 161,861 27.5% 31-Mar-1991 R 120,675 R 165,084 26.9% 30-Jun-1991 R 124,895 R 168,494 25.9% 30-Sep-1991 R 130,331 R 170,572 23.6% 31-Dec-1991 R 134,256 R 175,672 23.6% 31-Mar-1992 R 135,028 R 174,444 22.6% 30-Jun-1992 R 134,276 R 168,315 20.2% 30-Sep-1992 R 132,852 R 169,111 21.4% 31-Dec-1992 R 135,180 R 176,104 23.2% 31-Mar-1993 R 137,810 R 177,753 22.5% 30-Jun-1993 R 139,180 R 176,571 21.2% 30-Sep-1993 R 142,813 R 175,418 18.6% 31-Dec-1993 R 146,016 R 174,040 16.1% 31-Mar-1994 R 149,374 R 178,883 16.5% 30-Jun-1994 R 154,061 R 186,737 17.5% 30-Sep-1994 R 157,809 R 194,524 18.9% 31-Dec-1994 R 160,812 R 199,602 19.4% 31-Mar-1995 R 164,616 R 203,919 19.3% 30-Jun-1995 R 167,492 R 212,987 21.4% 30-Sep-1995 R 167,585 R 214,775 22.0% 31-Dec-1995 R 167,969 R 213,025 21.2% 31-Mar-1996 R 171,091 R 216,505 21.0% 30-Jun-1996 R 173,557 R 219,080 20.8% 30-Sep-1996 R 175,186 R 223,942 21.8% 31-Dec-1996 R 176,608 R 229,002 22.9% 31-Mar-1997 R 178,274 R 238,467 25.2% 30-Jun-1997 R 183,634 R 244,253 24.8% 30-Sep-1997 R 193,957 R 253,487 23.5% 31-Dec-1997 R 203,541 R 274,920 26.0% 31-Mar-1998 R 208,649 R 285,266 26.9% 30-Jun-1998 R 212,207 R 294,869 28.0% 30-Sep-1998 R 216,345 R 308,647 29.9% 31-Dec-1998 R 218,768 R 310,664 29.6% 31-Mar-1999 R 220,140 R 311,724 29.4% 30-Jun-1999 R 224,601 R 319,696 29.7% 30-Sep-1999 R 228,591 R 320,598 28.7% 31-Dec-1999 R 235,106 R 328,323 28.4% 31-Mar-2000 R 248,360 R 342,993 27.6% 30-Jun-2000 R 259,531 R 351,766 26.2% 30-Sep-2000 R 267,998 R 364,227 26.4% 31-Dec-2000 R 278,327 R 367,156 24.2% 31-Mar-2001 R 286,438 R 374,847 23.6% 30-Jun-2001 R 294,173 R 390,468 24.7% 30-Sep-2001 R 305,021 R 404,227 24.5% 31-Dec-2001 R 316,275 R 421,040 24.9% 31-Mar-2002 R 324,788 R 438,420 25.9% 30-Jun-2002 R 335,115 R 462,125 27.5% 30-Sep-2002 R 350,072 R 491,670 28.8% 31-Dec-2002 R 364,956 R 526,594 30.7% 31-Mar-2003 R 382,339 R 557,635 31.4% 30-Jun-2003 R 402,934 R 577,622 30.2% 30-Sep-2003 R 422,763 R 591,087 28.5% 31-Dec-2003 R 449,931 R 608,854 26.1% 31-Mar-2004 R 489,499 R 634,758 22.9% 30-Jun-2004 R 530,825 R 659,264 19.5% 30-Sep-2004 R 575,533 R 687,465 16.3% 31-Dec-2004 R 617,476 R 714,529 13.6% 31-Mar-2005 R 649,820 R 721,557 9.9% 30-Jun-2005 R 681,296 R 728,532 6.5% 30-Sep-2005 R 711,506 R 750,854 5.2% 31-Dec-2005 R 740,626 R 768,457 3.6% 31-Mar-2006 R 769,982 R 779,858 1.3% 30-Jun-2006 R 800,116 R 813,554 1.7% 30-Sep-2006 R 822,971 R 851,540 3.4% 31-Dec-2006 R 852,456 R 876,468 2.7% 31-Mar-2007 R 889,789 R 906,785 1.9% 30-Jun-2007 R 923,483 R 929,794 0.7% 30-Sep-2007 R 948,866 R 942,162 -0.7% 31-Dec-2007 R 956,420 R 991,444 3.5% 31-Mar-2008 R 958,201 R 1,053,534 9.0% 30-Jun-2008 R 959,957 R 1,071,932 10.4% 30-Sep-2008 R 956,544 R 1,079,523 11.4% 31-Dec-2008 R 952,632 R 1,120,747 15.0% 31-Mar-2009 R 934,497 R 1,169,366 20.1% 30-Jun-2009 R 923,487 R 1,210,277 23.7% 30-Sep-2009 R 961,990 R 1,261,558 23.7% 31-Dec-2009 R 997,943 R 1,285,387 22.4% 31-Mar-2010 R 1,028,465 R 1,327,495 22.5% 30-Jun-2010 R 1,041,744 R 1,420,436 26.7% 30-Sep-2010 R 1,013,911 R 1,487,721 31.8% 31-Dec-2010 R 1,001,233 R 1,510,437 33.7% 31-Mar-2011 R 1,016,668 R 1,503,376 32.4% 30-Jun-2011 R 1,037,859 R 1,467,914 29.3%
Annual average REAL house prices in South Africa – 2011 to 1966. Prices adjusted to constant 2008 consumer prices
Year Real Price Growth 2011 R 945,763 2.09% 2010 R 926,425 2.72% 2009 R 901,889 -6.79% 2008 R 967,546 -6.71% 2007 R 1,037,118 6.89% 2006 R 970,256 10.21% 2005 R 880,349 18.73% 2004 R 741,459 30.36% 2003 R 568,768 14.51% 2002 R 496,714 5.68% 2001 R 470,022 8.06% 2000 R 434,981 11.12% 1999 R 391,446 -0.23% 1998 R 392,347 6.54% 1997 R 368,248 0.27% 1996 R 367,254 -3.43% 1995 R 380,301 -0.95% 1994 R 383,964 1.39% 1993 R 378,690 -4.38% 1992 R 396,049 -8.21% 1991 R 431,476 -1.81% 1990 R 439,409 0.47% 1989 R 437,362 -0.18% 1988 R 438,133 1.99% 1987 R 429,578 -4.99% 1986 R 452,116 -19.46% 1985 R 561,327 -20.47% 1984 R 705,786 -2.66% 1983 R 725,056 7.43% 1982 R 674,884 4.87% 1981 R 643,547 19.99% 1980 R 536,328 8.95% 1979 R 492,282 -1.16% 1978 R 498,040 -6.11% 1977 R 530,479 -8.34% 1976 R 578,724 -4.48% 1975 R 605,854 -3.83% 1974 R 629,967 -3.09% 1973 R 650,086 5.35% 1972 R 617,066 -0.86% 1971 R 622,410 1.00% 1970 R 616,222 8.43% 1969 R 568,329 6.79% 1968 R 532,173 3.04% 1967 R 516,465 15.89% 1966 R 445,649
.
Monthly REAL house prices in South Africa since 1966. Prices adjusted to constant 2008 consumer prices
Month Real price Growth (month on month) 31-Mar-2012 R 821,287 -2.23% 29-Feb-2012 R 840,020 -1.87% 31-Jan-2012 R 856,044 -1.88% 31-Dec-2011 R 872,469 -1.41% 30-Nov-2011 R 884,975 -1.19% 31-Oct-2011 R 895,653 -1.01% 30-Sep-2011 R 904,831 -0.45% 31-Aug-2011 R 908,918 0.18% 31-Jul-2011 R 907,265 -0.23% 30-Jun-2011 R 909,396 0.29% 31-May-2011 R 906,743 0.31% 30-Apr-2011 R 903,974 0.55% 31-Mar-2011 R 899,016 -0.52% 28-Feb-2011 R 903,708 -0.19% 31-Jan-2011 R 905,394 -0.05% 31-Dec-2010 R 905,877 0.16% 30-Nov-2010 R 904,418 0.04% 31-Oct-2010 R 904,078 -0.23% 30-Sep-2010 R 906,179 -0.56% 31-Aug-2010 R 911,258 -0.98% 31-Jul-2010 R 920,316 -1.67% 30-Jun-2010 R 935,977 -0.82% 31-May-2010 R 943,729 -0.51% 30-Apr-2010 R 948,596 0.11% 31-Mar-2010 R 947,577 0.06% 28-Feb-2010 R 947,047 0.49% 31-Jan-2010 R 942,440 0.83% 31-Dec-2009 R 934,682 0.68% 30-Nov-2009 R 928,394 0.96% 31-Oct-2009 R 919,543 1.27% 30-Sep-2009 R 908,035 1.23% 31-Aug-2009 R 896,991 1.50% 31-Jul-2009 R 883,718 0.44% 30-Jun-2009 R 879,849 0.48% 31-May-2009 R 875,604 -0.33% 30-Apr-2009 R 878,540 -1.02% 31-Mar-2009 R 887,568 -2.19% 28-Feb-2009 R 907,416 -1.94% 31-Jan-2009 R 925,345 -1.39% 31-Dec-2008 R 938,415 0.86% 30-Nov-2008 R 930,434 -0.31% 31-Oct-2008 R 933,351 -0.27% 30-Sep-2008 R 935,905 -0.45% 31-Aug-2008 R 940,168 -0.98% 31-Jul-2008 R 949,428 -2.26% 30-Jun-2008 R 971,367 -1.21% 31-May-2008 R 983,233 -0.93% 30-Apr-2008 R 992,473 -1.51% 31-Mar-2008 R 1,007,675 -1.33% 29-Feb-2008 R 1,021,244 -0.09% 31-Jan-2008 R 1,022,182 -0.92% 31-Dec-2007 R 1,031,719 -0.59% 30-Nov-2007 R 1,037,892 -0.02% 31-Oct-2007 R 1,038,076 -0.46% 30-Sep-2007 R 1,042,823 -0.18% 31-Aug-2007 R 1,044,741 0.22% 31-Jul-2007 R 1,042,470 -0.09% 30-Jun-2007 R 1,043,365 0.15% 31-May-2007 R 1,041,785 0.51% 30-Apr-2007 R 1,036,510 -0.12% 31-Mar-2007 R 1,037,718 0.37% 28-Feb-2007 R 1,033,877 1.47% 31-Jan-2007 R 1,018,912 0.56% 31-Dec-2006 R 1,013,267 1.11% 30-Nov-2006 R 1,002,163 1.50% 31-Oct-2006 R 987,310 1.08% 30-Sep-2006 R 976,762 0.91% 31-Aug-2006 R 967,974 0.17% 31-Jul-2006 R 966,364 -0.02% 30-Jun-2006 R 966,597 0.29% 31-May-2006 R 963,830 0.53% 30-Apr-2006 R 958,731 0.74% 31-Mar-2006 R 951,732 0.63% 28-Feb-2006 R 945,731 1.06% 31-Jan-2006 R 935,839 0.42% 31-Dec-2005 R 931,925 1.15% 30-Nov-2005 R 921,306 1.29% 31-Oct-2005 R 909,563 1.19% 30-Sep-2005 R 898,901 0.91% 31-Aug-2005 R 890,775 0.92% 31-Jul-2005 R 882,679 0.47% 30-Jun-2005 R 878,593 1.51% 31-May-2005 R 865,507 1.35% 30-Apr-2005 R 853,950 0.80% 31-Mar-2005 R 847,177 0.30% 28-Feb-2005 R 844,683 1.20% 31-Jan-2005 R 834,673 1.11% 31-Dec-2004 R 825,513 1.83% 30-Nov-2004 R 810,674 1.26% 31-Oct-2004 R 800,563 1.71% 30-Sep-2004 R 787,090 2.36% 31-Aug-2004 R 768,932 2.66% 31-Jul-2004 R 748,979 2.23% 30-Jun-2004 R 732,625 2.23% 31-May-2004 R 716,654 2.48% 30-Apr-2004 R 699,332 2.45% 31-Mar-2004 R 682,623 2.07% 29-Feb-2004 R 668,794 2.32% 31-Jan-2004 R 653,599 2.11% 31-Dec-2003 R 640,084 2.68% 30-Nov-2003 R 623,369 3.22% 31-Oct-2003 R 603,935 2.75% 30-Sep-2003 R 587,760 2.08% 31-Aug-2003 R 575,782 1.16% 31-Jul-2003 R 569,198 1.53% 30-Jun-2003 R 560,637 1.93% 31-May-2003 R 550,016 2.00% 30-Apr-2003 R 539,257 1.52% 31-Mar-2003 R 531,167 0.87% 28-Feb-2003 R 526,605 1.81% 31-Jan-2003 R 517,251 0.63% 31-Dec-2002 R 513,987 1.22% 30-Nov-2002 R 507,782 1.02% 31-Oct-2002 R 502,678 -0.12% 30-Sep-2002 R 503,298 0.49% 31-Aug-2002 R 500,862 1.14% 31-Jul-2002 R 495,238 0.29% 30-Jun-2002 R 493,782 0.95% 31-May-2002 R 489,147 0.73% 30-Apr-2002 R 485,620 -0.47% 31-Mar-2002 R 487,892 -0.08% 28-Feb-2002 R 488,284 -0.23% 31-Jan-2002 R 489,420 -0.79% 31-Dec-2001 R 493,341 0.39% 30-Nov-2001 R 491,446 0.65% 31-Oct-2001 R 488,275 1.32% 30-Sep-2001 R 481,923 1.03% 31-Aug-2001 R 476,991 1.52% 31-Jul-2001 R 469,841 1.41% 30-Jun-2001 R 463,287 0.73% 31-May-2001 R 459,914 0.68% 30-Apr-2001 R 456,824 0.42% 31-Mar-2001 R 454,901 0.08% 28-Feb-2001 R 454,533 0.42% 31-Jan-2001 R 452,629 -0.42% 31-Dec-2000 R 454,528 0.78% 30-Nov-2000 R 450,988 1.10% 31-Oct-2000 R 446,093 1.19% 30-Sep-2000 R 440,831 1.01% 31-Aug-2000 R 436,406 0.91% 31-Jul-2000 R 432,452 0.14% 30-Jun-2000 R 431,861 0.24% 31-May-2000 R 430,825 0.58% 30-Apr-2000 R 428,320 0.06% 31-Mar-2000 R 428,071 0.82% 29-Feb-2000 R 424,577 2.52% 31-Jan-2000 R 414,123 1.17% 31-Dec-1999 R 409,338 1.78% 30-Nov-1999 R 402,167 1.38% 31-Oct-1999 R 396,674 0.74% 30-Sep-1999 R 393,769 0.01% 31-Aug-1999 R 393,719 0.66% 31-Jul-1999 R 391,137 0.26% 30-Jun-1999 R 390,125 0.12% 31-May-1999 R 389,661 0.97% 30-Apr-1999 R 385,926 0.67% 31-Mar-1999 R 383,345 0.71% 28-Feb-1999 R 380,628 0.32% 31-Jan-1999 R 379,423 -0.95% 31-Dec-1998 R 383,058 -0.52% 30-Nov-1998 R 385,051 -0.44% 31-Oct-1998 R 386,757 -0.45% 30-Sep-1998 R 388,518 -1.26% 31-Aug-1998 R 393,471 -0.24% 31-Jul-1998 R 394,416 -1.31% 30-Jun-1998 R 399,666 0.61% 31-May-1998 R 397,256 0.28% 30-Apr-1998 R 396,135 0.12% 31-Mar-1998 R 395,672 -0.14% 28-Feb-1998 R 396,212 0.47% 31-Jan-1998 R 394,344 0.20% 31-Dec-1997 R 393,566 1.04% 30-Nov-1997 R 389,505 2.01% 31-Oct-1997 R 381,849 1.31% 30-Sep-1997 R 376,926 1.38% 31-Aug-1997 R 371,809 1.71% 31-Jul-1997 R 365,557 0.63% 30-Jun-1997 R 363,271 1.34% 31-May-1997 R 358,485 0.95% 30-Apr-1997 R 355,100 0.13% 31-Mar-1997 R 354,644 0.06% 28-Feb-1997 R 354,428 -0.13% 31-Jan-1997 R 354,875 -0.87% 31-Dec-1996 R 357,982 -0.68% 30-Nov-1996 R 360,443 -0.07% 31-Oct-1996 R 360,689 -0.53% 30-Sep-1996 R 362,598 -0.69% 31-Aug-1996 R 365,113 -0.26% 31-Jul-1996 R 366,050 -0.61% 30-Jun-1996 R 368,298 -0.80% 31-May-1996 R 371,270 -0.44% 30-Apr-1996 R 372,904 -0.36% 31-Mar-1996 R 374,239 -0.45% 29-Feb-1996 R 375,928 0.29% 31-Jan-1996 R 374,859 -0.70% 31-Dec-1995 R 377,502 -0.34% 30-Nov-1995 R 378,780 0.08% 31-Oct-1995 R 378,496 -0.11% 30-Sep-1995 R 378,902 -0.13% 31-Aug-1995 R 379,414 -0.28% 31-Jul-1995 R 380,486 -0.46% 30-Jun-1995 R 382,233 0.38% 31-May-1995 R 380,792 -0.01% 30-Apr-1995 R 380,837 -0.63% 31-Mar-1995 R 383,268 -0.34% 28-Feb-1995 R 384,590 0.36% 31-Jan-1995 R 383,208 -0.55% 31-Dec-1994 R 385,314 0.34% 30-Nov-1994 R 383,989 0.25% 31-Oct-1994 R 383,037 0.04% 30-Sep-1994 R 382,875 -0.62% 31-Aug-1994 R 385,277 -0.77% 31-Jul-1994 R 388,284 -0.55% 30-Jun-1994 R 390,430 0.56% 31-May-1994 R 388,252 0.68% 30-Apr-1994 R 385,646 0.71% 31-Mar-1994 R 382,916 0.65% 28-Feb-1994 R 380,451 0.80% 31-Jan-1994 R 377,424 -0.55% 31-Dec-1993 R 379,519 0.35% 30-Nov-1993 R 378,198 0.44% 31-Oct-1993 R 376,555 -0.21% 30-Sep-1993 R 377,336 0.39% 31-Aug-1993 R 375,887 0.32% 31-Jul-1993 R 374,688 0.02% 30-Jun-1993 R 374,607 0.22% 31-May-1993 R 373,775 0.12% 30-Apr-1993 R 373,326 -2.45% 31-Mar-1993 R 382,697 -1.28% 28-Feb-1993 R 387,677 -0.15% 31-Jan-1993 R 388,278 -0.53% 31-Dec-1992 R 390,355 0.86% 30-Nov-1992 R 387,008 0.53% 31-Oct-1992 R 384,975 0.85% 30-Sep-1992 R 381,731 -0.02% 31-Aug-1992 R 381,803 -0.94% 31-Jul-1992 R 385,416 -1.28% 30-Jun-1992 R 390,428 -1.76% 31-May-1992 R 397,423 -1.47% 30-Apr-1992 R 403,367 -1.95% 31-Mar-1992 R 411,396 -1.21% 29-Feb-1992 R 416,442 -1.11% 31-Jan-1992 R 421,116 -0.81% 31-Dec-1991 R 424,535 -1.05% 30-Nov-1991 R 429,027 -0.21% 31-Oct-1991 R 429,913 -0.79% 30-Sep-1991 R 433,347 -0.27% 31-Aug-1991 R 434,524 -0.17% 31-Jul-1991 R 435,259 0.07% 30-Jun-1991 R 434,967 0.70% 31-May-1991 R 431,956 -0.08% 30-Apr-1991 R 432,291 -0.06% 31-Mar-1991 R 432,558 0.52% 28-Feb-1991 R 430,325 -0.09% 31-Jan-1991 R 430,705 -0.10% 31-Dec-1990 R 431,122 0.13% 30-Nov-1990 R 430,566 -1.31% 31-Oct-1990 R 436,291 -0.02% 30-Sep-1990 R 436,383 -1.02% 31-Aug-1990 R 440,879 -1.05% 31-Jul-1990 R 445,560 0.00% 30-Jun-1990 R 445,574 0.25% 31-May-1990 R 444,449 0.32% 30-Apr-1990 R 443,011 0.59% 31-Mar-1990 R 440,391 0.22% 28-Feb-1990 R 439,415 0.92% 31-Jan-1990 R 435,401 0.23% 31-Dec-1989 R 434,412 -0.16% 30-Nov-1989 R 435,093 -0.52% 31-Oct-1989 R 437,384 -0.17% 30-Sep-1989 R 438,147 -0.10% 31-Aug-1989 R 438,586 -0.40% 31-Jul-1989 R 440,356 0.14% 30-Jun-1989 R 439,727 0.39% 31-May-1989 R 438,008 0.24% 30-Apr-1989 R 436,957 0.21% 31-Mar-1989 R 436,043 -0.25% 28-Feb-1989 R 437,149 0.30% 31-Jan-1989 R 435,841 -0.55% 31-Dec-1988 R 438,263 -0.03% 30-Nov-1988 R 438,408 0.05% 31-Oct-1988 R 438,193 -0.10% 30-Sep-1988 R 438,634 0.12% 31-Aug-1988 R 438,117 0.24% 31-Jul-1988 R 437,089 0.07% 30-Jun-1988 R 436,793 0.68% 31-May-1988 R 433,831 -0.26% 30-Apr-1988 R 434,983 -0.40% 31-Mar-1988 R 436,726 -0.93% 29-Feb-1988 R 440,848 0.32% 31-Jan-1988 R 439,452 0.65% 31-Dec-1987 R 436,621 0.87% 30-Nov-1987 R 432,873 0.61% 31-Oct-1987 R 430,266 0.53% 30-Sep-1987 R 428,010 -0.02% 31-Aug-1987 R 428,102 -0.54% 31-Jul-1987 R 430,411 0.45% 30-Jun-1987 R 428,473 0.14% 31-May-1987 R 427,853 0.58% 30-Apr-1987 R 425,370 -0.02% 31-Mar-1987 R 425,474 0.02% 28-Feb-1987 R 425,372 -0.03% 31-Jan-1987 R 425,503 0.12% 31-Dec-1986 R 425,009 -0.26% 30-Nov-1986 R 426,117 -0.69% 31-Oct-1986 R 429,099 -1.01% 30-Sep-1986 R 433,463 -1.99% 31-Aug-1986 R 442,269 -1.37% 31-Jul-1986 R 448,420 -2.23% 30-Jun-1986 R 458,655 -1.52% 31-May-1986 R 465,719 -0.47% 30-Apr-1986 R 467,912 -2.31% 31-Mar-1986 R 478,975 -1.97% 28-Feb-1986 R 488,579 -1.44% 31-Jan-1986 R 495,696 -3.39% 31-Dec-1985 R 513,071 -1.92% 30-Nov-1985 R 523,091 -1.35% 31-Oct-1985 R 530,242 -1.43% 30-Sep-1985 R 537,944 -1.63% 31-Aug-1985 R 546,876 -1.34% 31-Jul-1985 R 554,281 -1.01% 30-Jun-1985 R 559,950 -2.03% 31-May-1985 R 571,536 -1.52% 30-Apr-1985 R 580,354 -3.02% 31-Mar-1985 R 598,427 -0.71% 28-Feb-1985 R 602,702 -4.37% 31-Jan-1985 R 630,248 -2.02% 31-Dec-1984 R 643,220 -1.59% 30-Nov-1984 R 653,635 -2.15% 31-Oct-1984 R 667,992 -2.60% 30-Sep-1984 R 685,836 -1.36% 31-Aug-1984 R 695,274 -1.70% 31-Jul-1984 R 707,288 -1.52% 30-Jun-1984 R 718,214 -0.83% 31-May-1984 R 724,245 -1.31% 30-Apr-1984 R 733,868 -1.81% 31-Mar-1984 R 747,421 -1.12% 29-Feb-1984 R 755,897 -0.90% 31-Jan-1984 R 762,768 0.10% 31-Dec-1983 R 761,989 1.27% 30-Nov-1983 R 752,456 0.55% 31-Oct-1983 R 748,312 1.38% 30-Sep-1983 R 738,120 1.32% 31-Aug-1983 R 728,500 0.46% 31-Jul-1983 R 725,158 0.27% 30-Jun-1983 R 723,232 1.55% 31-May-1983 R 712,208 1.11% 30-Apr-1983 R 704,424 0.78% 31-Mar-1983 R 698,951 1.70% 28-Feb-1983 R 687,261 0.37% 31-Jan-1983 R 684,740 1.36% 31-Dec-1982 R 675,573 1.54% 30-Nov-1982 R 665,318 -0.25% 31-Oct-1982 R 666,992 -0.56% 30-Sep-1982 R 670,757 -0.59% 31-Aug-1982 R 674,745 -0.50% 31-Jul-1982 R 678,164 0.26% 30-Jun-1982 R 676,420 0.24% 31-May-1982 R 674,768 0.25% 30-Apr-1982 R 673,061 -0.42% 31-Mar-1982 R 675,875 -1.13% 28-Feb-1982 R 683,609 -0.28% 31-Jan-1982 R 685,505 1.36% 31-Dec-1981 R 676,287 0.75% 30-Nov-1981 R 671,225 0.96% 31-Oct-1981 R 664,824 1.20% 30-Sep-1981 R 656,962 -0.20% 31-Aug-1981 R 658,307 0.74% 31-Jul-1981 R 653,440 0.15% 30-Jun-1981 R 652,473 1.91% 31-May-1981 R 640,261 1.95% 30-Apr-1981 R 628,007 1.94% 31-Mar-1981 R 616,052 2.81% 28-Feb-1981 R 599,231 1.08% 31-Jan-1981 R 592,857 2.77% 31-Dec-1980 R 576,870 1.05% 30-Nov-1980 R 570,892 1.92% 31-Oct-1980 R 560,137 1.22% 30-Sep-1980 R 553,411 0.45% 31-Aug-1980 R 550,939 3.26% 31-Jul-1980 R 533,544 1.27% 30-Jun-1980 R 526,843 1.01% 31-May-1980 R 521,565 1.58% 30-Apr-1980 R 513,460 1.12% 31-Mar-1980 R 507,765 0.71% 29-Feb-1980 R 504,172 0.44% 31-Jan-1980 R 501,981 1.23% 31-Dec-1979 R 495,879 0.10% 30-Nov-1979 R 495,397 1.11% 31-Oct-1979 R 489,935 0.24% 30-Sep-1979 R 488,750 0.33% 31-Aug-1979 R 487,166 0.44% 31-Jul-1979 R 485,051 -2.70% 30-Jun-1979 R 498,531 0.35% 31-May-1979 R 496,793 1.21% 30-Apr-1979 R 490,856 -0.13% 31-Mar-1979 R 491,498 -0.32% 28-Feb-1979 R 493,066 -0.41% 31-Jan-1979 R 495,075 -0.32% 31-Dec-1978 R 496,667 0.92% 30-Nov-1978 R 492,119 0.96% 31-Oct-1978 R 487,422 -0.10% 30-Sep-1978 R 487,914 0.03% 31-Aug-1978 R 487,753 -0.02% 31-Jul-1978 R 487,843 -2.77% 30-Jun-1978 R 501,749 0.28% 31-May-1978 R 500,348 0.05% 30-Apr-1978 R 500,074 -2.48% 31-Mar-1978 R 512,795 -0.06% 28-Feb-1978 R 513,099 0.10% 31-Jan-1978 R 512,586 -0.79% 31-Dec-1977 R 516,684 -0.50% 30-Nov-1977 R 519,270 0.79% 31-Oct-1977 R 515,210 -0.96% 30-Sep-1977 R 520,185 -0.21% 31-Aug-1977 R 521,283 -1.72% 31-Jul-1977 R 530,382 -1.40% 30-Jun-1977 R 537,919 0.37% 31-May-1977 R 535,956 0.60% 30-Apr-1977 R 532,780 -2.12% 31-Mar-1977 R 544,315 -0.84% 28-Feb-1977 R 548,907 0.36% 31-Jan-1977 R 546,932 -1.31% 31-Dec-1976 R 554,172 -1.63% 30-Nov-1976 R 563,345 -0.21% 31-Oct-1976 R 564,536 -0.19% 30-Sep-1976 R 565,622 -0.14% 31-Aug-1976 R 566,422 -3.00% 31-Jul-1976 R 583,918 -0.11% 30-Jun-1976 R 584,585 -1.22% 31-May-1976 R 591,804 0.69% 30-Apr-1976 R 587,759 -0.61% 31-Mar-1976 R 591,354 -0.73% 29-Feb-1976 R 595,689 -0.87% 31-Jan-1976 R 600,931 0.58% 31-Dec-1975 R 597,474 0.63% 30-Nov-1975 R 593,722 -0.86% 31-Oct-1975 R 598,855 0.84% 30-Sep-1975 R 593,856 -0.75% 31-Aug-1975 R 598,356 0.47% 31-Jul-1975 R 595,531 -1.59% 30-Jun-1975 R 605,166 -1.95% 31-May-1975 R 617,189 -0.16% 30-Apr-1975 R 618,150 -1.10% 31-Mar-1975 R 625,037 1.43% 28-Feb-1975 R 616,248 0.31% 31-Jan-1975 R 614,356 0.43% 31-Dec-1974 R 611,709 1.83% 30-Nov-1974 R 600,735 -0.98% 31-Oct-1974 R 606,699 -0.17% 30-Sep-1974 R 607,755 -2.40% 31-Aug-1974 R 622,669 -2.18% 31-Jul-1974 R 636,557 0.17% 30-Jun-1974 R 635,490 -1.25% 31-May-1974 R 643,507 -0.98% 30-Apr-1974 R 649,898 0.85% 31-Mar-1974 R 644,446 -1.48% 28-Feb-1974 R 654,110 -0.09% 31-Jan-1974 R 654,732 -2.35% 31-Dec-1973 R 670,507 -0.24% 30-Nov-1973 R 672,145 0.54% 31-Oct-1973 R 668,539 -0.49% 30-Sep-1973 R 671,810 2.19% 31-Aug-1973 R 657,383 2.41% 31-Jul-1973 R 641,891 0.03% 30-Jun-1973 R 641,694 1.58% 31-May-1973 R 631,701 0.93% 30-Apr-1973 R 625,896 -1.42% 31-Mar-1973 R 634,940 -1.34% 28-Feb-1973 R 643,564 1.05% 31-Jan-1973 R 636,849 1.37% 31-Dec-1972 R 628,218 1.50% 30-Nov-1972 R 618,930 1.51% 31-Oct-1972 R 609,740 -0.83% 30-Sep-1972 R 614,867 1.36% 31-Aug-1972 R 606,643 -0.93% 31-Jul-1972 R 612,326 -1.26% 30-Jun-1972 R 620,144 0.50% 31-May-1972 R 617,085 -0.03% 30-Apr-1972 R 617,243 -0.35% 31-Mar-1972 R 619,402 -0.23% 29-Feb-1972 R 620,851 0.20% 31-Jan-1972 R 619,641 0.35% 31-Dec-1971 R 617,483 0.46% 30-Nov-1971 R 614,664 0.63% 31-Oct-1971 R 610,802 -1.85% 30-Sep-1971 R 622,322 0.24% 31-Aug-1971 R 620,808 -2.26% 31-Jul-1971 R 635,183 0.37% 30-Jun-1971 R 632,816 0.84% 31-May-1971 R 627,568 1.11% 30-Apr-1971 R 620,705 1.00% 31-Mar-1971 R 614,559 -1.96% 28-Feb-1971 R 626,845 0.04% 31-Jan-1971 R 626,595 0.11% 31-Dec-1970 R 625,888 0.27% 30-Nov-1970 R 624,213 0.34% 31-Oct-1970 R 622,069 0.52% 30-Sep-1970 R 618,864 0.58% 31-Aug-1970 R 615,316 -1.97% 31-Jul-1970 R 627,713 0.69% 30-Jun-1970 R 623,396 0.95% 31-May-1970 R 617,559 1.36% 30-Apr-1970 R 609,277 -0.85% 31-Mar-1970 R 614,501 1.96% 28-Feb-1970 R 602,680 1.89% 31-Jan-1970 R 591,515 1.46% 31-Dec-1969 R 582,993 1.17% 30-Nov-1969 R 576,274 0.92% 31-Oct-1969 R 571,038 -1.77% 30-Sep-1969 R 581,315 0.84% 31-Aug-1969 R 576,470 0.75% 31-Jul-1969 R 572,173 0.73% 30-Jun-1969 R 568,018 0.96% 31-May-1969 R 562,618 1.07% 30-Apr-1969 R 556,675 1.00% 31-Mar-1969 R 551,181 -1.84% 28-Feb-1969 R 561,535 0.54% 31-Jan-1969 R 558,528 0.40% 31-Dec-1968 R 556,280 0.44% 30-Nov-1968 R 553,835 0.80% 31-Oct-1968 R 549,425 1.22% 30-Sep-1968 R 542,802 1.64% 31-Aug-1968 R 534,038 2.01% 31-Jul-1968 R 523,506 -1.05% 30-Jun-1968 R 529,044 1.30% 31-May-1968 R 522,259 0.90% 30-Apr-1968 R 517,626 0.27% 31-Mar-1968 R 516,216 -0.31% 29-Feb-1968 R 517,836 -0.67% 31-Jan-1968 R 521,304 -0.92% 31-Dec-1967 R 526,137 -0.77% 30-Nov-1967 R 530,211 -0.41% 31-Oct-1967 R 532,414 -0.05% 30-Sep-1967 R 532,655 0.59% 31-Aug-1967 R 529,510 1.02% 31-Jul-1967 R 524,164 1.16% 30-Jun-1967 R 518,153 0.87% 31-May-1967 R 513,662 0.65% 30-Apr-1967 R 510,325 1.10% 31-Mar-1967 R 504,783 1.95% 28-Feb-1967 R 495,143 3.06% 31-Jan-1967 R 480,425 3.99% 31-Dec-1966 R 461,978 3.81% 30-Nov-1966 R 445,041 2.70% 31-Oct-1966 R 433,349 1.30% 30-Sep-1966 R 427,808 -3.25% 31-Aug-1966 R 442,193 -1.33% 31-Jul-1966 R 448,137 -0.98% 30-Jun-1966 R 452,582 0.00% 31-May-1966 R 452,583 0.84% 30-Apr-1966 R 448,826 1.24% 31-Mar-1966 R 443,323 -1.60% 28-Feb-1966 R 450,521 1.95% 31-Jan-1966 R 441,904
.
Predicted property prices to 2050, using a compound annual growth rate of 10% from 2010 (please note: this is to be used as an illustration only. House prices have grown at a compound 11.25% annually since 1966, but house prices will NOT grow at 10% in 2011).
Year Nominal Price Growth 2050 R 46,846,959 10.00% 2049 R 42,588,145 10.00% 2048 R 38,716,495 10.00% 2047 R 35,196,814 10.00% 2046 R 31,997,103 10.00% 2045 R 29,088,276 10.00% 2044 R 26,443,887 10.00% 2043 R 24,039,897 10.00% 2042 R 21,854,452 10.00% 2041 R 19,867,684 10.00% 2040 R 18,061,531 10.00% 2039 R 16,419,573 10.00% 2038 R 14,926,885 10.00% 2037 R 13,569,895 10.00% 2036 R 12,336,268 10.00% 2035 R 11,214,790 10.00% 2034 R 10,195,263 10.00% 2033 R 9,268,421 10.00% 2032 R 8,425,837 10.00% 2031 R 7,659,852 10.00% 2030 R 6,963,502 10.00% 2029 R 6,330,456 10.00% 2028 R 5,754,960 10.00% 2027 R 5,231,782 10.00% 2026 R 4,756,166 10.00% 2025 R 4,323,787 10.00% 2024 R 3,930,715 10.00% 2023 R 3,573,378 10.00% 2022 R 3,248,525 10.00% 2021 R 2,953,205 10.00% 2020 R 2,684,731 10.00% 2019 R 2,440,665 10.00% 2018 R 2,218,786 10.00% 2017 R 2,017,078 10.00% 2016 R 1,833,708 10.00% 2015 R 1,667,007 10.00% 2014 R 1,515,461 10.00% 2013 R 1,377,692 10.00% 2012 R 1,252,447 10.00% 2011 R 1,138,588 10.00% 2010 R 1,035,080 7.31% 2009 R 964,550 -0.30% 2008 R 967,443 3.99% 2007 R 930,319 14.56% 2006 R 812,061 15.29% 2005 R 704,353 22.74% 2004 R 573,852 32.23% 2003 R 433,971 21.18% 2002 R 358,134 15.27% 2001 R 310,686 14.28% 2000 R 271,863 17.12% 1999 R 232,127 4.90% 1998 R 221,284 13.81% 1997 R 194,435 8.94% 1996 R 178,486 3.60% 1995 R 172,276 7.60% 1994 R 160,113 10.68% 1993 R 144,659 4.96% 1992 R 137,825 4.39% 1991 R 132,032 13.39% 1990 R 116,443 14.76% 1989 R 101,468 14.65% 1988 R 88,503 15.10% 1987 R 76,895 9.73% 1986 R 70,078 -3.97% 1985 R 72,973 -7.69% 1984 R 79,048 9.02% 1983 R 72,506 20.28% 1982 R 60,283 20.22% 1981 R 50,143 38.30% 1980 R 36,258 23.83% 1979 R 29,281 11.98% 1978 R 26,147 4.34% 1977 R 25,060 1.89% 1976 R 24,596 6.05% 1975 R 23,193 9.08% 1974 R 21,261 8.27% 1973 R 19,638 15.29% 1972 R 17,034 5.51% 1971 R 16,144 7.02% 1970 R 15,085 14.52% 1969 R 13,172 11.56% 1968 R 11,808 4.51% 1967 R 11,298 18.72% 1966 R 9,516
Notes:
House Price South Africa uses ABSA house prices for the middle segment. Prices are based on the total purchase price of all houses (including all improvements) for which loan applications were approved by ABSA Bank. Prices are smoothed for all houses between 80m² and 400m².
Houses of which the prices exceed R3 500 000 in 2011 have been excluded from the calculations, as these fall into the luxury segment. Affordable houses less than 80m² are also excluded.
House Price South Africa is independent and uses the house price trends in South Africa over the last 40 years, complemented by economic indicators and trends to forecast the outlook for the next 40 years. House Price South Africa is not associated with any estate agency or other vested interest. We welcome all contributions to the forum by interested investors.
The house price information used on this site is ABSA’s house prices for South Africa. Population figures are sourced from UN published material. Inflation figures are sourced from Stats SA website. Interest rates are sourced from SARB website.
Scary stuff. With interest rates sitting at 9% and most likely set to increase in the near future, would it be better to take a loan to buy a R2m home or save for the next 5 to 6 years and buy it cash for R2.9m? Of course, one would have to factor in the cost of renting for 6 years. Any suggestions?
How about buying it in 6 years time for R1.5m. In the meantime rent a similar house for a rent that is a third of the cost of paying a bond for it. The money saved can go towards your deposit in 6 years time.
In the US, Ireland, Dubai and Spain many houses have halved in price. SA is resisting the crash … yet our housing bubble was the biggest in the world … do you really think we are going to be spared the pain … it will just take longer.
In Hout Bay in Cape Town, there are 160 houses on the market in the price range higher than R6m. Only 7 in this price range have been sold this year. That is only 4% of the houses in a year … everyone thinks that if they wait long enough things will come right … maybe what is happening is that that interest rates are at a 30 year low so people are not feeling too much pain.
However, what happens when rates increase (the rand has just devalued by 25% – that alone will increase import prices by 25%) – people who are up to their ears in debt are going to start panicking. And when they see house prices are seriously falling, the penny will drop that the longer they wait, the lower the price they will eventually get … so the rush for the exits will start … and those that drop their prices first will get the sales … those left will then have to drop their prices even further.
I agree that property are heading for a dip, but the cost of building a house are far more than the cost of buying a house. So are property really overvalued…? I cannot see the price of building material coming down in the future?
I am not convinced that we will crash, but I dont pretend to be an economist. Perhaps SA property was extremely undervalued at the start? And what about the effect of overseas buyers and the fact that we have a growing black middle class with more disposable income? In Europe a large percentage of the population never buy, and our population is still growing on finite land. In my view, we will drift sideways, with property unlikely to beat inflation for some time.
Mind you, having read a lot of the comments especially from CJ, they may well be right, and the figures seem to tell a straighforward story. I just wonder if our scenario isn’t different from 1st world countries. As a guy sitting on the sidelines waiting though, I hope that the properties do adjust. In the meantime, I will carry on watching the disintegration of the euro and growing a deposit.
Thanks for the information presented on this blog. I took the data and decided to value to average house in commodities. It doesn’t help us if the proceeds made from the sale of a house buys less stuff, and I wanted to see how much value we can buy with the average house over time.
I think that the SA residential property market reached a high point in 2005. Now when valued in commodities, houses are worth much less in commodities. For example in 2005 the average house was worth 248 oz of gold, now its worth only 87 oz’s, same trend is apparent for maize, soybeans, oil and coffee.
I won’t be surprised if the market realizes the value destruction and starts to flee from the property market. So, yes I think we may be heading for a crash. Read the complete argument on my blog post: http://balancedlifesa.blogspot.com/2012/01/sa-property-market-your-house-buys-now.html
Hi,small business person still never get the house in capetown
We are on the verge of a major house price crash, the insane prices are simply unsustainable, it will need to come back to the fundamentals i.e. the indisputable link between income growth and property values. In CT I have been watching about 2-300 properties over four months. Hardly anything has moved, a few have been seriously reduced and yet not snapped up. Reasons, over in depted consumers and lack of mortgage finance. However, the one single factor which will move prices in CT are the internationals who have flooded the CT housing market during the past decade. The European financial crisis seem to have begun the stampede to get out of the market, there are more properties for sale in Constantia, a favourite neighbourhood for international purchases, than anywhere else. Prices are being reduced by 100 000′s daily as owners jostle to find a brave buyer. The panic will increase over the next few months, prices will continue to fall and eventually begin to affect neighbouring suburbs, which is already happening. I cannot say that I have any empathy with these owners, for property prices to be reduced to affordable levels is a very good thing for the local population, who have good income levels but have been priced out of the market.