South Africa's property boom returns but not all regions are winning
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South Africa’s property market is gaining momentum again, but the comeback isn’t happening evenly. Rising prices and stronger lending are masking a growing divide between regions that are accelerating and those losing ground.
South Africa’s housing market is showing signs of renewed strength as prices climb and banks increase lending activity. New figures from BetterBond suggest the market is moving beyond the pressure created by high interest rates, with real house price growth turning positive for the first time in over a year.
The recovery matters because it signals returning confidence among buyers, especially first-time homeowners. However, the rebound is not unfolding equally across the country, with some regions outperforming while others continue to lag behind. Statistics South Africa’s latest data also showed residential property prices rising 6.8% year-on-year, pushing the value of a R1 million home to roughly R1.07 million. The next phase of the market may depend less on national trends and more on where buyers choose to invest.
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