Property Newsletter | October 2022
Good news in property price inflation numbers and South Africans head back to their favourite leisure activities
SA residential property facing headwinds to move forward
Property price inflation across all price bands outperformed the CPI in 2021 for the first time since 2008, despite transfer volumes being relatively flat. Our lead story SA residential property facing headwinds to move forward points out that property price inflation has jumped around among the property value bands, with 2012 to 2014 being the golden period.
Leisure activity recovers slowly from Covid-19
While the average homeowner has the benefit of property price inflation outperforming CPI, they are also returning – cautiously in some instances – to their favourite leisure activities. In Leisure activity recovers slowly from Covid-19, Lightstone’s analysis of Entertainment, Holiday, Recreational sport, Stadium, Airports and Nightlife activity in 35 000 locations shows improvement - but none have yet reached 2019 levels.
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