South Africa house prices start to rise again

South Africa's property market saw the start of a recovery in the third quarter of this year, according to new data.

Data from the Global Property Guide's report on the period between July and September revealed that in this time the average house price in the country rose by 0.55 per cent on the second quarter tally.

The year-on-year figure represented a 7.1 per cent decline, which may suggest that buyers can pick up a cheaper property now while expecting prices to rise over the coming months.

Such figures are based on a calculation of prices that takes into account the increase over and above inflation.

The country's central bank recently decided to hold interest rates after a fall in inflation was recorded.

Buyers may even benefit from cuts as the Monetary Policy Committee of the South African Reserve Bank stated that all the pressures on inflation at present are downward.

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