Buyers’ market in 2023

House price inflation likely to be below inflation

2023 will see House price inflation (HPI) in South Africa’s residential property market shaped by local and global challenges – but mostly will feel the pain of the country’s stagnating economy and grow less than inflation.

Paul-Roux De Kock, Chief Analytics Officer at Lightstone says Lightstone’s three scenarios suggest HPI in South Africa’s residential property market will likely come in between 0.9% to 3.7%.

Take a look at Lightstone’s low, mid and high forecasted scenarios for 2023.

Read more