Discussion | Cape Town property prices on upward trend

JOHANNESBURG - According to the latest Residential Property Price Index residential property prices in South Africa have increased by 3.5% in the 12 months leading up to March 2024. 

The Western Cape registered the largest price increases, with rentals for upmarket three bedroom apartments reaching up to R130,000 per month. 

READ: Discussions | Property | A closer look at evictions and the law 

Meanwhile, the City of Johannesburg has experienced a sluggish market, with overall growth rising by 8.6%. 

Property economist, John Loos, spoke to eNCA.