Some homeowners have made little, if any, money on their residential bricks and mortar investments over the past five years. Though there isn’t a single suburb in the bigger metros where prices have fallen (in nominal terms), Lightstone’s data reveals that house prices in a number of suburbs across Cape Town, Johannesburg and Pretoria have increased by less than 3% in the five years to the end of June. The bulk of the worst performers fall into the lower end of the market, where properties typically sell for between R700,000 and R1.5m (see graphic).
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.