A property worth R1 million has effectively lost R50,000 of its value to inflation between March and May.
In May, the average year-on-year rate of inflation for residential property was at 4.46%, Lightstone says.
The differences mean that a property worth R1 million has effectively lost R50,000 of its value to inflation over those three months. But one category of property has consistently been outperforming consumer inflation in its price growth, Lightstone's data shows.
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