RE/MAX Dazzle shows most expensive properties in Serengeti Estates
11 Apr 2019
Rising fuel costs and an ever-weakening Rand is placing many South Africans under financial pressure. For the housing market, this means lower demand and subsequent subdued house price growth. According to the Standard Bank House Price Index for February 2019, national house prices moderated further to 4.3% y/y from 4.4% y/y January. “Despite this moderation in house price growth, there seems to have been an uptake in the luxury market (properties priced at R3 million and above). In comparison to the fourth quarter of last year, the luxury market grew to reach 5.4% of all transactions recorded at the Deeds Office over the last three months – which is the largest this segment has been since the third quarter of 2017 at 5.62%.” says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.