Thursday, November 2, 2006

House price data - what is ‘affordable’ - and by whose standards?

DATA ON HOUSE PRICES is often bandied about to illustrate the phenomenal growth in property prices in South Africa in recent years. Yet on closer inspection the data turns out to be inconsistent and downright misleading…

…says a house in the middle segment of the market would range from between 80m² and 400m² and would be priced up to R2.6m.

By contrast, houses classified as “affordable” would have to be 40m² to 79m² and priced up to R226 000 this year… Full Story Fin24

No comments: