The July’16 ValuStrat Price Index (VPI) demonstrated mixed price performance depending on the location and quality of the properties monitored. Monthly uplifts of 1.1% – 3.9% in mid-affordable apartment locations were recorded, compressing net yields by an average of 0.2%. Negative price adjustments for some locations averaged -1.3% were also seen, while the majority of locations, particularly for villas, saw no change in monthly prices.
Compared to a 100 point base in Jan ’14, the July2016 overall residential VPI registered 97.7 index points, with no significant change in values when compared to the previous thirteen months and down 0.7% when compared to the same period last year.
During July, the villa market registered 96.7 points, down just 0.2% since January and the apartment market registered 98.4 points, also down 0.2%since January.
ValuStrat’s overall VPI reveals:
- Price to Rent Ratios – 19 years for villas and 14 years for apartments
- Gross Yields – 5.5% for villas and 7.5% for apartments
- Net Yields –4.4% for villas and 5.3% for apartments
