Stats SA builds this index from every single property transfer registered at the Deeds Office, not estate agent estimates. It is the closest thing to a true national house price.
A YES bid at 60c and a NO bid at 36c meet when they add to 100. That pair funds one contract between them.
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This market resolves YES if the national annual percentage change in the Residential Property Price Index first published by Statistics South Africa for the reference month is 4.0% or higher. It resolves NO in every other case.
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