Property Newsletter | February 2023
Trends shaping the residential property market in SA
In this issue, we look at how Estates have experienced the greatest value growth in SA’s residential property market, the growth and decline in eThekwini residential property prices and share a snapshot of suburbs with the highest value property prices and entry-level transactions last year.
Low in volume, high in value!
The residential property market is seeing the greatest value growth in Estates due to the security, convenience and greater availability these provide.
Value growth along eThekwini’s north coast
eThekwini’s Residential property prices reflect the ongoing migration of wealthier buyers along the north coast while the south slips behind inflation and values drop in real terms.
Making it easier for brands to understand their customers
Lightstone’s demographic profiling solution, DemProKey, is powered by location intelligence to give your business the intel it needs to understand customers better.
Suburban bliss in the Mother City
Cape Town and surrounding areas once again featured in the Top 10 when it comes to highest average property values and highest average purchase price – based on transactions that took place in 2022.
Gauteng suburbs lead with entry-level sales activity
Take a look at how Gauteng suburbs were mainly the ones that saw the most property transactions in 2022 in the R500k - R750k and R750k - R1m value bands.
Africa Valuations Conference 2023
The Africa Valuation Conference is the continent’s most influential property valuations and surveyors' conference – aiming to shape the future of property valuations in Africa. It will feature 26 powerful speakers and thought leaders from around the globe and the African continent.
Lightstone’s Head of Digital, Hayley Ivins-Downes, will be at the event as a featured speaker, sharing insights and intel on valuation trends.
Taking place on 28 - 29 March 2023, in Sandton (and virtually if you can’t attend in-person), this is a not-to-be-missed event!
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