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Market pulse

What's the SA property market doing?

The headline numbers, with their sources. Everything here is from official publications — Stats SA, FNB, Absa, the South African Reserve Bank, the Bank for International Settlements. We never re-publish private listing data.

Long view

The headline index, since 2010.

The lime line is what you pay. The moss line is what your home is actually worth in today's money, after inflation.

Last data point · October 2025 Real y/y · +1.8%

Source: Bank for International Settlements, residential property price index, distributed via FRED. Index, 2010 = 100. Quarterly.

Provincial & metro breakdown

Where the year-on-year moves are.

By province

Province Year on year
Northern Cape +8.2%
Western Cape +7.4%
Free State +7.0%
Mpumalanga +6.8%
KwaZulu-Natal +6.1%
North West +6.0%
Limpopo +5.5%
Gauteng +5.2%
Eastern Cape +4.8%

By metro

Metro Year on year
City of Cape Town +7.9%
eThekwini (Durban) +5.8%
City of Tshwane +5.0%
City of Johannesburg +4.6%
City of Ekurhuleni +4.4%

Source: Statistics South Africa, Residential Property Price Index (P0160), March 2025.

Latest official reports

Read the source yourself.

FNB 10 Dec 2025

FNB Property Barometer — November 2025

House price growth decelerating from 5.0% in October. The FNB market strength demand index spiked to the highest level since June 2008, possibly an early signal of buyer activity responding to the inflation target change and rate cut.

Read the report →
FNB House Price Index (y/y) 4.7%
Stats SA 22 May 2025

Residential Property Price Index — March 2025

Freehold property prices up 6.5% year-on-year. Month-on-month growth of 0.5%. Source data is registered property transactions at the Deeds Office.

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RPPI for freehold properties (y/y) 6.5%
BIS / FRED 10 Apr 2026

Real Residential Property Prices for South Africa

Real (CPI-deflated) residential property prices remain well below the 2010 baseline. Q4 2025 reading of 89.5 indicates a long-run decline in real terms despite nominal growth.

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Real RPPI (index, 2010=100) 89.5
Absa 01 Nov 2025

Absa Homeowner Sentiment Index — Q3 2025

Quarterly gauge of consumer confidence in the property market. Used as a leading indicator for buying intention.

Read the report →
Homeowner Sentiment Index See report
Suburb-level detail is live

Property counts, typical values, and typical sizes for 1 234 suburbs across eThekwini and Cape Town — from the public valuation rolls.

Browse SA suburbs →