SA house prices show signs of dropping!

For the first time in 8 consecutive years, the South African average home price has shown a drop in value. Based on year end results the index which is an average of home prices shows that the average price of a home in SA fell from R570 000 to R550 000. Showing a negative inflation of 5.2%.

This is good news for young up and coming couple who are looking at buying their first home, as the dream of becoming a home-owner seemed to have been fading away recently as home prices sky rocketed.

Of course these values will not apply to any specific region, as the gap between low cost houses and the luxury mansions found in SA's premium suburbs is phenomenally huge.

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