Property Prices - From 1966 to now
What will a R1m House cost in 2050?
House Price South Africa tracks house prices in South Africa since January 1966.
House Price South Africa uses ABSA house prices, as defined at the bottom of this page.
Predicted property prices to 2050, using a compound annual growth rate of 10% from 2013 (please note: this is to be used as an illustration only, house prices have grown at an average annual rate of 10.43% since 1966).
House Price South Africa uses ABSA house prices for the middle segment. Prices are based on the total purchase price of all houses (including all improvements) for which loan applications were approved by ABSA Bank. Prices are smoothed for all houses between 80sqm and 400sqm.
Houses of which the prices exceed R3 500 000 in 2011 have been excluded from the calculations, as these fall into the luxury segment. Affordable houses less than 80sqm are excluded.
House Price South Africa is independent and uses the price trends in South Africa over the last 40 years, complemented by economic indicators and trends to forecast the outlook for the next 40 years. House Price South Africa is not associated with any estate agency or other vested interest.
The house Price information used on this site is ABSA’s house prices for South Africa. Population figures are sourced from UN published material. Inflation figures are sourced from Stats SA website, interest rates are sourced from SARB website.
With interest rates having risen, high net worth individuals’ investment incomes have likely slowed in recent years. Municipal rates and utilities tariffs are also rising sharply especially for higher end home owners, and effective personal tax rates being ratcheted up in a “no growth” economy, it is not surprising to see the Middle and Upper Income Area Segments’ average house price growth being the slowest at 3.2% and 2.7% respectively. As a result, price inflation rates have slowed from having had the two highest rates back in 2014.