Mangaung Housing Market Report - 2018
As part of our series of reports on the eight metros in South Africa, this report on the residential property market in Mangaung, Free State, provides a detailed analysis of government sponsored properties, freehold and sectional title homes, new and resale transactions, lending, first-time homebuyers. The analysis shows that Mangaung’s property market is primarily affordable with 73% of properties worth less than R600 000. About one third of properties in the metro have been financed by the state as part of the national housing subsidy programme. While the resale market is quite active (89% of all residential transactions were resale), there has been a drop in new residential transactions: in 2017 there were only 351 new transactions, of which only 17% were in the affordable market, and only 10 were valued below R300 000 (including 6 government-subsidised units).