framework while identifying potential breaks and outliers. We used quarterly data on the six house price indexes, namely …, there is persistence in South African house prices with breaks identified. Our results show that in the cases of affordable …

structural breaks – a test procedure proposed by Carrion‐i‐Silvestre et al. The panel versions of the KPSS‐type test, proposed by … Carrion‐ i ‐Silvestre et al. with and without structural breaks, are also applied. Findings – The paper finds that, while … univariate tests with and without structural breaks provide mixed results on persistence, the panel test suggests that shocks to …