Property Newsletter | April 2023
Homeowners debate municipal values in SA’s big two cities
The value of residential property has been headlining for some time after both Johannesburg and Cape Town municipalities tabled new valuation rolls. We look at how market valuation variances and inaccuracies impact rates and taxes and why municipal valuations matter so much. In our provinces story we unpack how ongoing urbanisation fuelled by a lack of service delivery and economic stagnation is driving South Africans to three provincial economic hubs.
Residential property market valuation variances
Explore various Lightstone tools which use technology, data and artificial intelligence to help eliminate valuation variances and inaccuracies – providing ratepayers with certainty and comfort that the rates they pay are appropriate.
Widening the gap
Provincial property data shows widespread differences between provinces. In this analysis we look at where South Africans live, the correlation between population growth and the search for work and other provincial property trends.
House Price Index
Our March analysis of year-on-year property price inflation suggests market conditions remain sluggish. National year-on-year house price inflation is at 2.64%, having risen slightly for the first time since 2021. Annual property inflation in the Low Value segment was once again much higher than that in other segments, with inflation for properties in Low Value segments at 10.8%, well up on 3.2% recorded by Mid Value segments.
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