South Africa’s house market is 10th best in the world

It has been reported that South Africa is still the 10^th best performing property market in the world. Last year, when South Africa was the sixth biggest property rising market in the world, it was at a rise of 13,6%. This year, we are placed, number 10 in the world with a property market rise of 8,8%.

However, South Africa’s is not the only country which has shown a decrease in inflation rising. Apparently some of the countries also mentioned here include the likes of the UK, Canada, New Zealand, and Norway.

Global house price inflation came to an average 6,1% in first quarter 2008, down from 9,8% last year.