According to financial journalist, Alison Goldberg, South Africa’s property market is on a steady decline. Purchasing a home might not even be worth it during such tough economic times. We have compared property prices in Cape Town and Johannesburg on a two-bedroom house and two-bedroom apartment.
Take a look what we found…
South African bank FNB has recently conducted a report on the average house price in 2017. The report was based on the following six major metros:
The table below shows the average property price for each area in 2017:
Demographics | Average House Price |
Upper Income Areas | R2 892 000 |
Middle Income Areas | R1 517 000 |
Low Middle Income Areas | R952 964 |
Low Income Areas | R503 305 |
With the hustle and bustle of the streets, expensive restaurants and the many malls, Sandton is a city on its own.
This suburb is best known for its white, sandy beaches and ‘over the top’ monstrosities. Prepare to sit down when you see these prices.
Continue reading the full article on CompareGuru.