The first Rode Report for 2024 shows that nominal house price growth remains slow amid a weak economy and elevated interest rates. Expectations of interest-rate cuts have been dialled back, while uncertainty over the outcome of the national elections holds buyers back.
Although recent surveys may indicate the Ramaphoria of earlier in the year have worn off stemming more buyers/sellers negative about the local property market
The continued ‘normalization’ of housing prices in the Western Cape had a major impact on a surprisingly weak start to house price growth in 2018.
House price inflation in Johannesburg is showing above-average growth in pockets around the city, from the East Rand to the Northern Suburbs. In the east
