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<\/a><\/figure>\n\n\n\nWhile the national picture shows a big swing, it is not all good news across every region.<\/p>\n\n\n\n
Looking specifically at the major metros, property price growth of 2.6% was recorded nationally, but this was heavily swayed by 10.6% growth in Buffalo City and 5.9% growth in Cape Town.<\/p>\n\n\n\n
Cape Town has the biggest contribution to the index, accounting for 2.0 percentage points of the inflation rate (compared to Buffalo City’s 0.2 percentage point contribution).<\/p>\n\n\n\n
One metro that stands out, however, is the City of Joburg, which was the only metro to record a decline in pricing, with inflation sitting at -0.7%, contributing -0.1 percentage points to the overall rate.<\/p>\n\n\n\n Types of properties<\/strong><\/p>\n\n\n\n The picture is also different when looking at the different property types.<\/p>\n\n\n\n Properties sold for the very first time saw exceptional price growth in Manguang at 13.9%. However, for the rest of the metros, price inflation ranged between 2.3% and 3.5%.<\/p>\n\n\n\n On the low-end on the spectrum, first-time sellers saw only 0.2% price growth in eThekwini, and negative growth in Buffalo City (-3.7%) and Nelson Mandela Bay (-2.1%).<\/p>\n\n\n\n The index for resold properties, however, were positive across the board – except for the City of Johannesburg yet again, where pricing was down 1.8%.<\/p>\n\n\n\n Cape Town and Buffalo City were again the biggest gainers here at 5.3% and 4.1%, respectively.<\/p>\n\n\n\n Looking at pricing of sectional titles versus freehold properties, price growth was largely positive in the former, but NMB, Manguang, Ekuhuleni and Joburg all saw declines year-on-year.<\/p>\n\n\n\n Freehold pricing was positive, except for eThekwini, which saw a decline of 3.2%.<\/p>\n\n\n\n<\/a><\/figure>\n\n\n\n<\/a><\/figure>\n\n\n\n<\/a><\/figure>\n\n\n\n
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