The Real Estate Real Value Added in South Africa exhibited significant fluctuations from 2013 to 2023, with a notable spike in 2017 at 2.96 units. In 2023, it stood at 1.78 units. Year-on-year variation shows a decline of 0.56% from 2022 to 2023. Over the last five years, the compound annual growth rate (CAGR) was -0.11%. Forecasts from 2024 to 2028 predict a gradual decline, with a 5-year CAGR of -0.31% and an overall decrease of 1.55%.
Future trends to watch for:
- Impact of macroeconomic changes on the real estate market.
- Government policies and infrastructural developments.
- Interest rate fluctuations and their influence on property investments.
- Sustainable and green building practices gaining ground.
