Limpopo's capital city, Polokwane.

If residential property were treated like a unit trust, some homeowners would have enjoyed returns that many investors would envy over the past year.

New data from Statistics South Africa's Residential Property Price Index shows national house prices rose 7.8% in the year to January 2026, but the gains were far from evenly distributed.

If homes were ranked like unit trusts, some of the country's best-performing investments over the past year would have been found in Limpopo, Mpumalanga and the Northern Cape rather than the traditional property hotspots.

The biggest winner was not Cape Town, Johannesburg or Pretoria. It was Limpopo.