South Africa - Housing Index

South Africa's Housing Index held steady at 120 points in May 2025, unchanged from April 2025. This 0% month-over-month change occurred alongside inflation at 2.8% which is below the South African Reserve Bank's target. In late May 2025, the Reserve Bank reduced its repo rate by 25 basis points to 7.25%, lowering the prime lending rate to 10.75%. This rate cut aims to ease pressure from softer growth. The housing market showed no movement during this period, likely due to a balance between subdued economic activity and lower borrowing costs. South Africa's record low Housing Index was 82.3 points in January 2017 and record high was 120 points in April 2025.