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First-time homebuyers priced out: How rising living costs are gutting SA property market
ZA🏛️ PoliticsCenter21 hr. ago

First-time homebuyers priced out: How rising living costs are gutting SA property market

The article discusses how rising living costs, particularly in transport and utilities, are negatively impacting housing affordability in South Africa. It cites Francois Viruly, chief economist at Datazone, who argues that housing affordability should consider not just house prices but also transport, electricity, water, and other essential expenses. According to Stats SA, headline inflation reached 5.0% in June 2026, with transport inflation being the main driver, as fuel prices surged by 34.3% and passenger transport services increased by 12.5%. Lower-income households often spend a large portion of their income on transport, sometimes comparable to what they spend on housing. The article highlights that rising utility costs and administered prices further strain household budgets, affecting both homeowners and renters.

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IOL (Independent Online) logoIOL (Independent Online)Party-alignedCenter21 hr. ago
First-time homebuyers priced out: How rising living costs are gutting SA property market

The article discusses how rising living costs, particularly in transport and utilities, are negatively impacting housing affordability in South Africa. It cites Francois Viruly, chief economist at Datazone, who argues that housing affordability should consider not just house prices but also transport, electricity, water, and other essential expenses. According to Stats SA, headline inflation reached 5.0% in June 2026, with transport inflation being the main driver, as fuel prices surged by 34.3% and passenger transport services increased by 12.5%. Lower-income households often spend a large portion of their income on transport, sometimes comparable to what they spend on housing. The article highlights that rising utility costs and administered prices further strain household budgets, affecting both homeowners and renters.

Bias read (Center): The article presents data-driven analysis from economic experts and official statistics without overtly favoring any political ideology. While it highlights concerns about housing affordability and inflation, it does not take a partisan stance or promote specific political solutions. The framing is

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