Property Prices in South Africa
| Index |  |
|---|---|
| Price to Income Ratio: | 3.39 |
| Mortgage as Percentage of Income: | 36.39% |
| Loan Affordability Index: | 2.75 |
| Price to Rent Ratio - City Centre: | 10.20 |
| Price to Rent Ratio - Outside of Centre: | 8.87 |
| Gross Rental Yield (City Centre): | 9.81% |
| Gross Rental Yield (Outside of Centre): | 11.27% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 7,676.13 R | |
| Apartment (1 bedroom) Outside of Centre | 6,338.57 R | |
| Apartment (3 bedrooms) in City Centre | 14,302.22 R | |
| Apartment (3 bedrooms) Outside of Centre | 12,760.26 R | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,611.52 R | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,200.79 R | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 22,315.43 R | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.91 |
These data are based on 1804 entries in the past 18 months from 285 different contributors.
Last update: January 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 | 6.7 | 7.7 | 7.4 | 12.9 | 13.4 | 71.2 | 1.4 | |
| Durban | 3.4 | 12.3 | 8.4 | 8.1 | 12.0 | 35.8 | 2.8 | |
| Johannesburg | 2.5 | 11.5 | 12.4 | 8.7 | 8.0 | 27.2 | 3.7 | |
| Port Elizabeth | 3.7 | 10.9 | 12.9 | 9.2 | 7.7 | 39.4 | 2.5 | |
| Pretoria | 1.9 | 18.1 | 12.6 | 5.5 | 7.9 | 20.7 | 4.8 |
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