House-price inflation in the Western Cape continues to outperform the rest of the country, with the annual rate at the end of June at 5.4%.
Although this rate has declined by three percentage points over the past 12 months, it is still higher than the national house-price inflation of 3.5%, according to new Lightstone data.
The inland municipalities Ekurhuleni, City of Tshwane and City of Johannesburg metros are growing stably at rates between 1.5% and 4%, and the coastal municipalities are generally performing above this range.
Lightstone’s Residential Property Index for July lists the monthly price inflation per province as:
◆Western Cape: 5%
◆Eastern Cape: 3.3%
◆Limpopo: 3.3%
◆KwaZulu-Natal: 2.6%
◆Gauteng: 2.2%
◆Free State: 2%
◆North-West: 2%
◆Northern Cape: 1.9%
◆Mpumalanga: 1.8%