Over the past five years, South Africa's residential property market has seen an average price increase of 23.8%, with some provinces significantly outpacing this national growth rate, Cape {town} Etc reports.
Over the past five years, South Africa’s residential property market has seen an average price increase of 23.8%, with some provinces significantly outpacing this national growth rate,StatsSA’s latest Residential Property Price Index for Q1 2024 shows a 3.5% national increase in residential property prices over the past year.
A property’s price reflects the amount paid at a specific time, influenced by demand, location, and market conditions.
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