Average Nominal House Prices

Average nominal house prices

 

2007 Rand

2008 Rand

2008

2009

 

Q3 Rand

Q4 Rand

Q1 Rand

Q2 Rand

Q3

 

Rand

q/q % Δ

y/y %Δ

Provinces

 

 

 

 

 

 

 

 

 

Eastern Cape

848,829

871,442

885,017

872,392

803,553

780,318

822,000

5.3

-7.1

Free State

688,873

731,564

733,299

742,702

755,665

731,764

746,007

1.9

1.7

Gauteng

974,004

997,611

986,907

984,321

993,789

991,714

1,020,760

2.9

3.4

KwaZulu-Natal

881,958

852,578

857,071

863,974

818,243

812,051

865,885

6.6

1.0

Limpopo

823,776

835,427

848,205

871,767

860,108

827,530

798,077

-3.6

-5.9

Mpumalanga

756,562

799,352

788,527

779,755

783,824

779,568

796,441

2.2

1.0

North West

716,593

793,450

794,244

799,622

779,168

745,944

745,513

-0.1

-6.1

Northern Cape

624,876

672,075

673,908

677,286

685,536

704,626

743,883

5.6

10.4

Western Cape

1,050,530

1,103,399

1,108,195

1,098,155

1,080,163

1,073,500

1,073,088

0.0

-3.2

Weighted average

839,013

868,805

870,816

871,273

856,059

843,984

861,289

2.1

-1.1

* Source: ABSA (2009) Quarterly Housing Review; own calculations

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