Property Prices in Port Elizabeth, South Africa

Index Info
Price to Income Ratio: 3.70
Mortgage as Percentage of Income: 39.41%
Loan Affordability Index: 2.54
Price to Rent Ratio - City Centre: 9.17
Price to Rent Ratio - Outside of Centre: 8.76
Gross Rental Yield (City Centre): 10.91%
Gross Rental Yield (Outside of Centre): 11.41%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 8,655.56 R 4,500.00-15,000.00
Apartment (1 bedroom) Outside of Centre 6,187.50 R 4,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 16,750.00 R 9,000.00-35,000.00
Apartment (3 bedrooms) Outside of Centre 11,388.89 R 7,500.00-26,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,662.49 R 929.02-2,764.86
Price per Square Feet to Buy Apartment Outside of Centre 1,110.41 R 929.02-1,765.14
Salaries And Financing
Average Monthly Net Salary (After Tax) 20,169.56 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.81 7.00-12.00

These data are based on 88 entries in the past 18 months from 14 different contributors.
Last update: March 2023

Sources and References
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