What is an Average House?
The average house size is right around 2,500 square feet, but that doesn’t mean you should aim for the middle and hope for the best.
Average House Prices In South Africa
The average national price for an entry-level home (80–140 sqm) is around ZAR 937,000, with an average medium-size house currently costing around ZAR 1,255,000.
Despite steady increases in the last year, property prices in South Africa remain relatively low.
Are houses expensive in South Africa?
House prices have been relatively stable in South Africa, with homeownership levels at around 60% of the population. The average national price for an entry-level home (80–140 sqm) is around ZAR 937,000, with an average medium-size house currently costing around ZAR 1,255,000.
Why are houses so expensive in South Africa?
In many areas of South Africa and Cape Town, in particular, the supply and demand for new housing developments do not match, he notes.
In Cape Town, you find a lot of people in the lower end of the market are struggling to find new developments and so demand is greater than the supply of new property.
Can a foreigner buy a house in South Africa?
Foreigners (whether they be natural persons or legal entities normally domiciled or registered outside the country) can buy property in South Africa. Foreign buyers or non-residents must comply with local legislation in that regard.
How much is an apartment in South Africa?
How expensive are housing and accommodation in South Africa?
| Rental cost in Johannesburg ¹⁰ | Average monthly cost |
|---|---|
| Large apartment | ZAR17,878.41 |
| Medium apartment | ZAR13,815.14 |
| Small apartment | ZAR10,564.58 |