Property Prices in Port Elizabeth, South Africa
| Index |  |
|---|---|
| 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 | |
| Apartment (1 bedroom) Outside of Centre | 6,187.50 R | |
| Apartment (3 bedrooms) in City Centre | 16,750.00 R | |
| Apartment (3 bedrooms) Outside of Centre | 11,388.89 R | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,662.49 R | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,110.41 R | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 20,169.56 R | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.81 |
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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