Property Prices in South Africa

Index Info
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 4,500.00-14,000.00
Apartment (1 bedroom) Outside of Centre 6,338.57 R 4,500.00-9,500.00
Apartment (3 bedrooms) in City Centre 14,302.22 R 8,500.00-27,000.00
Apartment (3 bedrooms) Outside of Centre 12,760.26 R 8,500.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,611.52 R 743.22-3,716.09
Price per Square Feet to Buy Apartment Outside of Centre 1,200.79 R 724.64-2,322.56
Salaries And Financing
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Average Monthly Net Salary (After Tax) 22,315.43 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.91 7.00-12.00

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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