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 9,730 South African rands per month. The North West was the most affordable province, with a monthly rent of less than 6,000 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

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.

Price to Rent Ratio in South Africa increased to 101.30 in the first quarter of 2025 from 100.81 in the fourth quarter of 2024. This dataset includes a chart with historical data for South Africa Price to Rent Ratio.

Cape Town was the most expensive metro to buy a home in South Africa in 2024. The average sales price of residential property was *** million South African rands in that year, which was roughly double the price paid in Port Elizabeth.

As of November 2023, the Consumer Price Index (CPI) in South Africa, an economic indicator providing information on the change of prices over time, was measured at 104.9 points regarding actual rentals for housing. This is an increase of 2.7 points from the previous year.

Graph and download economic data for Real Residential Property Prices for South Africa (QZAR628BIS) from Q1 1966 to Q1 2025 about South Africa, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• South Africa house prices grew 7.3% YoY in Nov 2016, following an increase of 6.5% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1967 to Nov 2016, with an average growth rate of 10.5%.
• House price data reached an all-time high of 41.5% in May 1981 and a record low of -9.0% in Jul 1985.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for South Africa (ZAFCP040200GYM) from Jan 2009 to Dec 2024 about tobacco, alcohol, South Africa, beverages, CPI, price index, indexes, and price.

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.

South Africa ZA: Price to Income Ratio: sa data was reported at 90.320 2015=100 in 2024. This records a decrease from the previous number of 92.422 2015=100 for 2023. South Africa ZA: Price to Income Ratio: sa data is updated yearly, averaging 98.221 2015=100 from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 132.663 2015=100 in 2007 and a record low of 71.323 2015=100 in 1997. South Africa ZA: Price to Income 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 nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

The residential property market in South Africa has grown year-on-year between 2001 and 2023, except for 2008. Since 2009, the annual house price increase varied between *** and eight percent. In 2023, house prices appreciated by *** percent. While the market has been growing, the growth rate was much lower than during the period before the global financial crisis. Meanwhile, rental growth in South Africa has accelerated since 2021.

South Africa House Price: Average: sa: Middle Segment: Existing data was reported at 1,390,692.000 ZAR in Sep 2016. This records an increase from the previous number of 1,388,451.000 ZAR for Jun 2016. South Africa House Price: Average: sa: Middle Segment: Existing data is updated quarterly, averaging 124,895.000 ZAR from Mar 1966 (Median) to Sep 2016, with 203 observations. The data reached an all-time high of 1,390,692.000 ZAR in Sep 2016 and a record low of 9,012.000 ZAR in Sep 1966. South Africa House Price: Average: sa: Middle Segment: Existing data remains active status in CEIC and is reported by Absa Group Limited South Africa. The data is categorized under Global Database’s South Africa – Table ZA.P004: House Price: Average: by Type: Seasonally Adjusted.

House price index in South Africa, March, 2025 The most recent value is 181.19 index points as of Q1 2025, an increase compared to the previous value of 179.25 index points. Historically, the average for South Africa from Q1 1990 to Q1 2025 is 85.17 index points. The minimum of 12.41 index points was recorded in Q1 1990, while the maximum of 181.19 index points was reached in Q1 2025. | TheGlobalEconomy.com

South Africa Consumer Price Index (CPI): Weights: Housing and Utilities: Owners Equivalent Rent data was reported at 11.720 Per 100 in 2024. This stayed constant from the previous number of 11.720 Per 100 for 2023. South Africa Consumer Price Index (CPI): Weights: Housing and Utilities: Owners Equivalent Rent data is updated yearly, averaging 11.485 Per 100 from Jan 2009 (Median) to 2024, with 16 observations. The data reached an all-time high of 11.930 Per 100 in 2021 and a record low of 10.950 Per 100 in 2016. South Africa Consumer Price Index (CPI): Weights: Housing and Utilities: Owners Equivalent Rent data remains active status in CEIC and is reported by Statistics South Africa. The data is categorized under Global Database’s South Africa – Table ZA.I035: Consumer Price Index: Weights (Old Classification).

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.

Residential Property Prices in South Africa increased 5.20 percent in February of 2025 over the same month in the previous year. This dataset includes a chart with historical data for South Africa Residential Property Prices.

South Africa Residential Real Estate Market Report is Segmented by Property Type (Villas & Landed Houses, Apartments & Condominiums), by Price Band (Affordable Housing, Mid-Market, and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build), and More), and by Key Cities (Cape Town, Johannesburg, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The price per square meter in a luxury apartment in Cape Town, South Africa, reached ***** U.S. dollars in 2018. It was double of the price measured in Umhlanga, also a city in South Africa, and second in the ranking. The index tracked the square meter price in selected prime apartments, measuring from *** to *** square meters, mainly in exclusive living complexes.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Imputed Rentals for Housing: Total for South Africa (ZAFCP040200GPQ) from Q2 2008 to Q3 2023 about tobacco, alcohol, South Africa, beverages, CPI, price index, indexes, and price.