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Johannesburg Housing Market Report 2018

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Centre for Affordable Housing Finance in Africa

29 May 2019

English

Alison Tshangana

Report

Centre for Affordable Housing Finance in Africa

Africa

As part of our series of reports on the eight metros in South Africa, this report on the residential property market in Johannesburg, Gauteng, provides a detailed analysis of government-sponsored properties, freehold and sectional title homes, new and resale transactions, lending, and first-time homeowners.

With a residential property market valued at R892.6 billion in 2017, Johannesburg’s residential property market is primarily affordable with 45% of properties worth less than R600 000. The report shows that approximately one quarter (26%) of properties in the metro have been financed by the state as part of the national housing subsidy programme. In 2017, 70% of all residential transactions (24 928) were on the resale market, compared to only 10 842 new registrations on the deeds registry in that year. A total of 2 704 new residential properties valued below R300 000 were registered in 2017, of which, 84% were government-subsidised property.

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Housing finance

Human settlements

Markets

Property market

South Africa

Tenure

Urban

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