Journalists have upset property buyers information that housing prices’ rise continues in the country. Lately they claimed that every property type fell in price.
Average price of small house (80 -140 sq.m) in South Africa worked out 757000 rand (€77 700), Business Live reports citing Absa company data. Such properties decreased in price by 10% adjusted for inflation, which reached 5% in June - report PRIAN International Property.
One can purchase a medium-sized home (141 – 220 sq.m) for 995 000 rand (€ 102 000) in July. It is 3,3% less than last year. Owners wanted to get 1,5 million rand (€ 153 000) for a spacious 221 sq.m.villa. Prices of such type homes declined by 3,8% yearly.
