Cape Town Housing Market Report 2018
This report on the residential property market in the City of Cape Town, Western Cape, provides a detailed analysis of government-sponsored properties, freehold and sectional title homes, new and resale transactions, lending, and first-time homeowners.
With a total value of R1.009 billion in 2017, Cape Town’s property market is less affordable, with only 42% of all residential properties worth less than R600 000. Houses built through government’s housing programmes make up 23% of all residential properties, and 82% of all entry market of properties valued less than R300 000. While the number of new and resale transactions has been increasing at the upper end of the market, the number of entry market transactions has slowed. In 2017, there were 27 676 resale transactions in Cape Town, 5% less than the previous year.