In May, the average year-on-year rate of inflation for residential property was at 4.46%, Lightstone says.
The differences mean that a property worth R1 million has effectively lost R50,000 of its value to inflation over those three months. But one category of property has consistently been outperforming consumer inflation in its price growth, Lightstone's data shows.
BISouthAfrica If that is so, why should people spend 6, R700k on glorified RDP houses in the name of new developments?
BISouthAfrica 'losing their value', what are they no longer good to live in 🤷🏾♂️
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