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Centre for Affordable Housing Finance in Africa

26 June 2019

English

Alison Tshangana

Report

Centre for Affordable Housing Finance in Africa

South Africa

Downloads

Website References

Ekurhuleni

Finance

Finance

Human settlements

Markets

Property market

South Africa

Tenure

Urban

Ekurhuleni Housing Market Report 2018

This report on the residential property market in Ekurhuleni, Gauteng, provides a detailed analysis of government-sponsored properties, freehold and sectional title homes, new and resale transactions, lending, and first-time homeowners.

The report indicates that Ekurhuleni’s residential property market is primarily affordable with 60% of residential properties valued less than R600 000. 28% of properties in the metro have been financed by the state as part of the national housing subsidy programme. In 2017, 71% of all residential transactions (15 054) were on the resale market, compared to only 6 131 new registrations on the deeds registry in that year. However only 19% of new transactions in 2017 were in the entry-level market below R300 000. Of the 1 162 new transactions in this segment, 96% were government-subsidised properties, pointing to the key role played by government housing programmes at the lower end of the residential property market.

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