The average monthly rent of residential properties in South Africa increased by nearly *** South African rands between 2020 and 2023. In the second quarter of 2023, the average monthly rent stood at ***** South African Rands. Furthermore, rents varied across different provinces, with the Western Cape, KwaZulu Natal, and Gauteng having the most expensive rents.

The average monthly rent of residential properties in South Africa was the highest in the Western Cape province in 2023. In the second quarter of the year, renters paid on average ***** South African rands per month. The North West was the most affordable province, with a monthly rent of less than ***** South African rands. Overall, rents in South Africa have been on the rise.

South Africa ZA: Price to Rent Ratio: sa data was reported at 101.234 2015=100 in 2024. This records a decrease from the previous number of 103.643 2015=100 for 2023. South Africa ZA: Price to Rent Ratio: sa data is updated yearly, averaging 98.800 2015=100 from Dec 2002 (Median) to 2024, with 23 observations. The data reached an all-time high of 117.529 2015=100 in 2007 and a record low of 46.957 2015=100 in 2002. South Africa ZA: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Africa – Table ZA.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Annual. Nominal house prices divided by rent price indices

About ********* of residential properties for rent in South Africa had a monthly rent ranging between ***** and ***** South African rands in the fourth quarter of 2021. Meanwhile, approximately ***** percent of residential had monthly rent exceeding ****** South African rands. During the same period, the national average rent was approximately ***** but this figure varied greatly across different provinces.

The retail property sector had the highest in prime rents in Johannesburg, South Africa in 2024. The monthly cost of a prime retail space amounted to ** U.S. dollars per square meter, while offices achieved a monthly rent of ***** U.S. dollars per square meter.

In 2023, rents grew across all South African provinces. North West saw rents increase by over **** percent, which was more than twice the national average. Nevertheless, the KwaZulu-Natal remained the most expensive province for rental housing.

The prices for the cheapest newly built housing in two African countries, Sudan and South Sudan, exceeded ****** U.S. dollars in 2024. In the Seychelles, the price of the most affordable housing was about ****** U.S. dollars. Nigeria, Kenya, and Egypt all had house prices under 10,000 U.S. dollars.

Addis Ababa, in Ethiopia, ranked as the most expensive city to live in Africa as of 2024, considering consumer goods prices. The Ethiopian capital obtained an index score of ****, followed by Harare, in Zimbabwe, with ****. Morocco and South Africa were the countries with the most representatives among the ** cities with the highest cost of living in Africa.

70% of White British households owned their own homes – the highest percentage out of all ethnic groups.

The average sales price of retail real estate in South Africa increased in the Gauteng and KwaZulu Natal, nad Western Cape provinces in 2021. Gauteng, where Johannesburg is situated had the most expensive retail real estate at almost ****** South African rands per square meter in 2021.

In Nairobi, Kenya, renting a *** bedroom apartment in the city center cost almost as much as a ***** bedroom apartment outside the city center in June 2023. A ***** bedroom apartment cost *** U.S. dollars a month outside the center, while in a central location, a similar apartment was *** U.S. dollars.