Property Barometer

Category Sell

FNB City of Cape Town House Price Indices
The most expensive markets, i.e. those against Table
Mountain, appear to have been cooling off noticeably in
terms of house price growth, but in more affordable subregions
of the City that’s not quite the case yet
Our 4th quarter 2017 City of Cape Town Sub-Regional House Price Indices
continue to show some of the most expensive regions’ house price growth
to be slowing noticeably. But with very expensive home values in recent
years in Cape Town encouraging a greater search for affordability, some of
the City’s more affordable housing regions appear to have been performing
quite well.
Overall, though, our deeds data-driven City of Cape Town House Price Index
continued to show a gradually slowing price growth rate, albeit still strong.
Using Deeds Office Data, we compile a set of house price indices for key subregions
within the City of Cape Town Metro using a repeat sales methodology.
We have then rolled up this set of sub-regions into an overall City of Cape
Town Metro House Price Index. In the 4th quarter of 2017, the City of Cape
Town’s estimated average house price growth rate remained just within
double-digit territory to the tune of 10.8% year-on-year.
However, while still very strong, this year-on-year price growth rate
represents the 6th consecutive quarter of slowing from a 10-year high of 15.7%
recorded in the 2nd quarter of 2016.

Author: Global Lifestyle Properties

Submitted 26 Feb 18 / Views 1256