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Is Now the Right Time to Buy? SA Housing Market Update

As of Q1 2023, the prevailing average house prices in South Africa stands at R1,434,448. This figure reflects a slight 0.8% increase from the previous quarter, when it was R1,422,992 See this 2024 post by the Property Wheel Despite facing two interest rate hikes in the same quarter, data from ooba Home Loan’s Q1 2023…