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Proportion of property transactions in South Africa from 2016 to 2022, by wealth segment

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Source

Release date

March 2023

Region

South Africa

Survey time period

2016 to 2022

Supplementary notes

Conversion rate as of 11/16/2023.

Affordable (less than R250k) is equivalent to less than 13,678 U.S. dollars.
Mid value (R250k - R700k) is equivalent to 13,698 - 38,353 U.S. dollars.
High value (R700k - R1.5m) is equivalent to 38,353 - 38,353 U.S. dollars.
Luxury (R1.5m - R3m) is equivalent to 38,353 - 164,370 U.S. dollars.
Super wealthy (R3m+) is equivalent to 164,370 U.S. dollars and above.

Citation formats

Share of property sales in South Africa 2016-2022, by wealth segment

Published by ÌÇÐÄÆƽâ°æ Research Department, Nov 28, 2023
In 2022, the majority of property transactions in South Africa occurred among those in the mid value wealth segment, with a share of ** percent. The value of these properties ranged between *** thousand and *** thousand South African rand (approximately * to * U.S. dollars). Since 2016, mid value properties and high value properties (ranging between * and * U.S. dollars) made up the largest portion of property transactions in the country.
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