Property Prices in George, South Africa

Index Info
Price to Income Ratio: 6.06
Mortgage as Percentage of Income: 67.76%
Loan Affordability Index: 1.48
Price to Rent Ratio - City Centre: 12.45
Price to Rent Ratio - Outside of Centre: 9.64
Gross Rental Yield (City Centre): 8.03%
Gross Rental Yield (Outside of Centre): 10.37%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 6,433.33 R 6,000.00-6,800.00
Apartment (1 bedroom) Outside of Centre 6,266.67 R 5,000.00-8,000.00
Apartment (3 bedrooms) in City Centre 11,625.00 R 10,000.00-12,500.00
Apartment (3 bedrooms) Outside of Centre 12,825.00 R 8,800.00-18,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,625.79 R
Price per Square Feet to Buy Apartment Outside of Centre 1,300.63 R
Salaries And Financing
Average Monthly Net Salary (After Tax) 13,000.00 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.50 8.50-10.50

These data are based on 28 entries in the past 18 months from 6 different contributors.
Last update: September 2023

Sources and References
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2 Comments so far
Guy Harvey on Dec 12, 2022:
As the second safest city are not the % a bit high
Leon van Wyk on Aug 09, 2021:
What can be done to obtain more statistics / data on living in George to provide a ranking covering all aspects