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.

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.

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.

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 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.

Housing Index in South Africa increased to 118.40 points in February from 117.90 points in January of 2025. This dataset provides - South Africa Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

The number of residential property sales in South Africa decreased for the second year in a row in 2020, reaching approximately ****** home sales. The strongest year for the housing market was 2018, when roughly ****** home sales took place. Over the whole observation period, properties in the luxury market segment of over *** million South African rands comprised the largest share of transactions.

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 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 average sales price for residential properties in South Africa has increased steadily since 2015. In 2024, the average home sold for well over one million South African rands.

In 2023, the South Africa Real Estate Market reached a value of USD 60.9 million, and it is projected to surge to USD 98.4 million by 2030.

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

Real residential property prices Y-on-Y, percent change in South Africa, March, 2025 The most recent value is -1.27 percent as of Q1 2025, an increase compared to the previous value of -1.8 percent. Historically, the average for South Africa from Q1 1990 to Q1 2025 is 1.7 percent. The minimum of -15.09 percent was recorded in Q3 2008, while the maximum of 33.27 percent was reached in Q3 2004. | TheGlobalEconomy.com

South Africa Real Estate Market size was valued at USD 22.66 Billion in 2024 and is projected to reach USD 34.51 Billion by 2032, growing at a CAGR of 5.4% from 2026 to 2032.

​The South African real estate market is influenced by several key drivers. Rapid urbanization and population growth have led to increased demand for housing and commercial properties, particularly in metropolitan areas. Economic development and foreign investment have further stimulated the market, with infrastructure improvements enhancing connectivity and making locations more attractive for development. The expansion of the middle class has resulted in higher purchasing power, driving demand for quality housing and commercial spaces. Additionally, technological advancements, such as smart building technologies and digital platforms, are transforming property management and investment strategies. Sustainability trends and compliance with environmental, social, and governance (ESG) criteria are also becoming increasingly important, influencing development practices and investor decisions. Collectively, these factors contribute to the dynamic and evolving landscape of South Africa's real estate market

Residential properties under ******* South African rands comprised the largest share of the residential stock in South Africa in 2021. According to the source, there were over * million of these entry market properties. The affordable market segment refers to housing in the ******* to ******* South African rands price range, whereas properties up to ******* South African rands are considered part of the conventional market segment. High-end and luxury housing, on the other hand, is housing in the ******* to *** million South African rands price range and over *** million South African rands, respectively.

South Africa House Price Index: Medium Sized Houses data was reported at 544.475 2000=100 in Nov 2016. This records an increase from the previous number of 539.711 2000=100 for Oct 2016. South Africa House Price Index: Medium Sized Houses data is updated monthly, averaging 49.860 2000=100 from Jan 1966 (Median) to Nov 2016, with 611 observations. The data reached an all-time high of 544.475 2000=100 in Nov 2016 and a record low of 3.621 2000=100 in Jan 1966. South Africa House Price Index: Medium Sized Houses 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.EB001: House Price Index: 2000=100.

The South African residential real estate market, valued at $19.89 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 10.46% from 2025 to 2033. This growth is driven by several factors including a growing population, increasing urbanization, particularly in major cities like Johannesburg, Cape Town, and Durban, and a strengthening economy. Demand is particularly strong for villas, landed houses, and condominiums, reflecting a diverse range of buyer preferences and affordability levels. While the market benefits from government initiatives aimed at affordable housing and infrastructure development, constraints such as high interest rates, fluctuating exchange rates, and limited housing stock in desirable areas could temper growth in specific segments. The major players in the market, including Pam Golding Properties, Kaan Development, and RDC Properties, are actively shaping the market through innovative developments and strategic acquisitions. Competition is intense, particularly in the premium segments. The market's future is promising, indicating continued growth driven by consistent demand and strategic investment. The segmentation within the South African residential real estate market reveals noteworthy trends. The "Villas and Landed Houses" segment is expected to remain dominant, appealing to high-net-worth individuals and families seeking spacious living. However, the "Condominiums and Apartments" segment is experiencing significant growth, driven by an increasing number of young professionals and urban dwellers seeking more convenient and affordable living options. Geographically, Johannesburg, Cape Town, and Durban consistently maintain their positions as the most lucrative markets, attracting both domestic and international investment. However, other cities like Pretoria and Port Elizabeth are also witnessing increased activity as infrastructure improves and economic opportunities expand. The overall market is characterized by a healthy balance of supply and demand, though specific locations and property types may experience periods of greater competitiveness. Recent developments include: July 2022- To improve access to affordable and sustainable housing in South Africa, IFC (International Finance Corporation) announced an investment to help South African residential property developer Alleyroads build over 1,000 rental apartments in the Johannesburg area., June 2022- Construction of a new mixed-use building, Rubik, began in Cape Town's CBD. The building will complement the city's growing skyline. Located on the corner of Roop and Rybeek Streets, the Rubik consists of luxury residential apartments above prime office and quality retail space. The architects have designed it in a very characteristic modern glass 'layered' building.. Notable trends are: Increasing Demand for Sectional Title Living in South Africa.

The South African commercial real estate market, valued at $9.62 billion in 2025, is projected to experience robust growth, with a compound annual growth rate (CAGR) of 10.84% from 2025 to 2033. This expansion is driven by several factors. Firstly, a growing economy and increasing urbanization are fueling demand for office spaces, particularly in major cities like Johannesburg, Cape Town, and Durban. The rise of e-commerce and associated logistics needs are boosting the industrial and logistics sector. Furthermore, a burgeoning tourism sector contributes to the growth of the hospitality segment. However, economic volatility and potential interest rate hikes present challenges. While the office segment is expected to be a major contributor to market growth, the ongoing shift towards hybrid work models could moderate this growth. The retail sector may face some headwinds due to evolving consumer behavior and the increasing popularity of online shopping. Despite these challenges, the overall market outlook remains positive, driven by long-term infrastructural development and continued investment in key cities. Key players like Devmark Property Group, Rabie Property Group, and Growthpoint Properties are well-positioned to benefit from these trends. The segmentation of the market across office, retail, industrial and logistics, and hospitality sectors provides a diversified investment landscape. While Johannesburg, Cape Town, and Durban represent the largest market shares, growth is also anticipated in secondary cities as economic activity expands across the country. The presence of established and well-capitalized real estate companies suggests a mature market with a high level of competition. Future growth will depend on the government's ability to foster economic stability, address infrastructure gaps, and support sustainable urban development. The resilience of the South African economy and its long-term growth potential remain key factors in influencing the success of the commercial real estate sector. Recent developments include: November 2023: WeWork South Africa is accelerating its expansion plans as the rise in popularity of hybrid work sees a boost in demand for flexible office spaces., September 2023: Instant Group, a flexible workspace marketplace, has acquired property advisor PSA to broaden its reach and grow its business across Africa.. Key drivers for this market are: 4., Urbanization and Population growth4.; Foreign direct investments. Potential restraints include: 4., Economic uncertainity4.; Regulatory environment. Notable trends are: Increasing office space demand in South Africa.