Property Prices in South Africa
| Index |  |
|---|---|
| Price to Income Ratio: | 3.35 |
| Mortgage as Percentage of Income: | 37.42% |
| Loan Affordability Index: | 2.67 |
| Price to Rent Ratio - City Centre: | 10.00 |
| Price to Rent Ratio - Outside of Centre: | 8.85 |
| Gross Rental Yield (City Centre): | 10.00% |
| Gross Rental Yield (Outside of Centre): | 11.30% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 7,711.73 R | |
| Apartment (1 bedroom) Outside of Centre | 6,281.86 R | |
| Apartment (3 bedrooms) in City Centre | 14,379.26 R | |
| Apartment (3 bedrooms) Outside of Centre | 12,747.01 R | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,588.50 R | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,191.29 R | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 22,312.41 R | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.47 |
These data are based on 1956 entries in the past 18 months from 303 different contributors.
Last update: May 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in South Africa
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Cape Town | 6.4 | 7.6 | 7.6 | 13.2 | 13.1 | 72.1 | 1.4 | |
| Durban | 3.7 | 11.1 | 8.0 | 9.0 | 12.5 | 39.3 | 2.5 | |
| Johannesburg | 2.7 | 10.8 | 11.7 | 9.2 | 8.6 | 30.9 | 3.2 | |
| Port Elizabeth | 3.7 | 10.9 | 11.8 | 9.1 | 8.5 | 41.8 | 2.4 | |
| Pretoria | 1.9 | 17.6 | 12.9 | 5.7 | 7.8 | 20.8 | 4.8 |
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