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.

Graph and download economic data for Real Residential Property Prices for South Africa (QZAR628BIS) from Q1 1966 to Q2 2025 about South Africa, residential, HPI, housing, real, price index, indexes, and price.

Residential Property Prices in South Africa increased 6.60 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for South Africa Residential Property Prices.

Discover the booming South African residential real estate market! With a $19.89 billion valuation in 2025 and a projected 10.46% CAGR, this report analyzes market drivers, trends, and key players, offering invaluable insights for investors and developers. Explore regional breakdowns and future forecasts. Key drivers for this market are: 4., Growing urbanisation in the countries4.; Increasing support of private sector to meet infrastructural growth in various sectors such as water, energy, transportation, and communications. Potential restraints include: 4., Lack of quality and quantity of infrastructure. Notable trends are: Increasing Demand for Sectional Title Living in South Africa.

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.

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.

The South Africa Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail, Logistics, Others), by Business Model (Sales, Rental), by End-User (Individuals/Households, Corporates & SMEs, Others), and by Geography (Johannesburg, Cape Town, Durban, Port Elizabeth/Gqeberha, Rest of South Africa). The Market Forecasts are Provided in Terms of Value (USD).

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.

Housing Index in South Africa increased to 121.20 points in June from 120.50 points in May of 2025. This dataset provides - South Africa Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Real residential property prices Y-on-Y, percent change in South Africa, June, 2025 The most recent value is 0.43 percent as of Q2 2025, an increase compared to the previous value of -1.23 percent. Historically, the average for South Africa from Q1 1990 to Q2 2025 is 1.69 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

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.

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

South Africa Real Estate and Smart Housing Market valued at USD 25 Bn, driven by urbanization, smart tech, and government initiatives for sustainable housing.

The size of the South Africa Residential Real Estate Market market was valued at USD 19.89 Million in 2024 and is projected to reach USD 39.91 Million by 2033, with an expected CAGR of 10.46% during the forecast period. 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.. Key drivers for this market are: 4., Growing urbanisation in the countries4.; Increasing support of private sector to meet infrastructural growth in various sectors such as water, energy, transportation, and communications. Potential restraints include: 4., Lack of quality and quantity of infrastructure. Notable trends are: Increasing Demand for Sectional Title Living in South Africa.

Discover the booming South Africa commercial real estate market! With a ZAR 9.62 billion market size in 2025 and a 10.84% CAGR, learn about key drivers, trends, and top companies shaping this lucrative sector. Explore market forecasts, regional analysis, and investment opportunities in this comprehensive report. 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.

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.

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 14.6%.
• House price data reached an all-time high of 41.5% in May 1981 and a record low of -9.0% in Jul 1985.

USD 9.12 Billion in 2024; projected USD 16.22 Billion by 2033; CAGR 6.66%.

South Africa Residential Real Estate Market is expected to grow during 2025-2031

South Africa Commercial Property Market size was valued at USD 9.27 Billion in 2024 and is projected to reach USD 16.06 Billion by 2032, growing at a CAGR of 7.60% from 2026 to 2032.

South Africa Commercial Property Market Drivers

Urbanization and Population Growth: Increasing migration to urban centers drives demand for office spaces, retail establishments, and industrial facilities. E-commerce Boom: The growth of online shopping necessitates more logistics and warehousing facilities. Government Infrastructure Development: Investments in infrastructure projects enhance the attractiveness of the market for investors. Foreign Direct Investment: Influx of foreign capital indicates global confidence in the long-term prospects of the sector. Demand for Flexible Workspaces: The rise of co-working spaces caters to the evolving needs of businesses. Increased Technology Integration: Adoption of PropTech solutions and smart building technologies enhances efficiency and tenant experiences.