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Residential Property Price Index 2010-2023

South Africa, 2010 - 2023
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Reference ID
zaf-statssa-rppi-2010-2023-v1
Producer(s)
Statistics South Africa,
Collections
South African Time Series
Metadata
Documentation in PDF DDI/XML JSON
Created on
Dec 12, 2023
Last modified
Dec 12, 2023
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  • Identification
  • Version
  • Scope
  • Producers and sponsors
  • Sampling
  • Data Collection
  • Data Access
  • Contacts
  • Metadata production

    • Identification

    Survey ID number

    zaf-statssa-rppi-2010-2023-v1
    Title

    Residential Property Price Index 2010-2023
    Country
    Name Country code
    South Africa zaf
    Study type

    Price Survey
    Abstract

    The Residential Property Price Index (RPPI) for South Africa was compiled by Statistics South Africa in partnership with the South African Reserve Bank and with the support of the International Monetary Fund. The source data for the RPPI are the records of property transactions registered with the Office of the Chief Registrar of Deeds (Deeds office). The RPPI is compiled using internationally accepted methods as outlined in Eurostat's Handbook on Residential Property Price Indices and the IMF's Residential Property Price Index Practical Compilation Guide. These documents are provided with the data. The indices are calculated using a rolling window time dummy hedonic regression model. The purpose of RPPIs is to measure changes in the price of residential properties, such as houses, townhouses and flats, purchased by households. Both new and existing dwellings are covered, independently of their final use and their previous owners. Only market prices are considered, including the price of the land on which residential buildings are located.
    Kind of Data

    Administrative records
    Unit of Analysis

    Other

    Version

    Version Description

    v1: Edited data for public distribution
    Version Date

    2023

    Scope

    Notes

    The Deeds office data is an administrative record of all property transactions in South Africa. Among other things, it includes information about the price of the property, the type of property, the type of buyer and seller, and a unique property identifier code.

    Producers and sponsors

    Primary investigators
    Name Affiliation
    Statistics South Africa South African Government
    South African Government
    Producers
    Name
    International Monetary Fund
    Funding Agency/Sponsor
    Name Role
    South African Reserve Bank Funding Agency

    Sampling

    Weighting

    Stats SA publishes the RPPI at two levels of detail. Firstly, RPPIs for each province are aggregated to the 'national' RPPI. Secondly, the RPPIs for each of the eight metropolitan municipalities are aggregated to the 'all metropolitan areas' RPPI. Elementary indices are calculated for each metropolitan area and for the larger municipalities in each province. The hedonic model performs better if there are a large number of transactions available. Because there are fewer transactions each month for the non-metropolitan municipalities, their indices are not published.
    The total sales value for any year can be calculated from the Deeds office data and this is used to aggregate the indices from the elementary level upwards. Aggregated indices for each year are weighted according to the total sales value of two years prior. For example, the results for 2022 are weighted based on the sales value of 2020, the results for 2021 are weighted based on the sales values of 2019, and so on. Weights will be updated annually with effect from the January RPPI each year.

    Data Collection

    Dates of Data Collection
    Start End
    2010 2023
    Mode of data collection
    • Other
    Data Collection Notes

    Records of property transactions registered with the Office of the Chief Registrar of Deeds (Deeds office) are the source data for the index.

    Data Access

    Access authority
    Name Affiliation URL Email
    DataFirst University of Cape Town support.data1st.org support@data1st.org
    Access conditions

    Public access data for use under a Creative Commons CC-BY (Attribution-only) License
    Citation requirements

    Statistics South Africa. Residential Property Price Index 2010-2023 [dataset]. Version 1. Pretoria: Statistics SA [producer], 2023. Cape Town: DataFirst [distributor], 2023. DOIi: https://doi.org/10.25828/VQ6V-2T85

    Contacts

    Contacts
    Name Affiliation Email URL
    DataFirst Support University of Cape Town support@data1st.org www.support.data1st.org

    Metadata production

    Producers
    Name Affiliation Role
    DataFirst University of Cape Town Metadata producer
    Date of Metadata Production

    2023-12-12

    Metadata version

    DDI Document version

    Version 1
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