Are property values increasing?

Is the value of property really increasing?
In 1994 the nominal house price was R160 113, in 2014 it was R1 275 530 ...WHAT?
Sellers constantly push for higher prices. Purchasers constantly experience that their affordability of bond down payments are challenged and that it becomes harder to enter into the market. Read more about it:

property_growth_versus_devaluation_of_the_sa_rand_3.pdf
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