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Proportion of property transactions in South Africa from 2016 to 2022, by purchase band

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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.

R500k is equivalent to 27,262 U.S. dollars.
R500k - R1m is equivalent to 27,262- 54,523 U.S. dollars.
R1m - R3m is equivalent to 54,523 - 163,570 U.S. dollars.
R3m+ is equivalent to 163,570 U.S. dollars and above.

Citation formats

Share of property sales in South Africa 2016-2022, by purchase band

Published by ÌÇÐÄÆƽâ°æ Research Department, Nov 28, 2023
In 2022, the majority of property transactions in South Africa occurred among the purchase band ranging from * to *** South African rand (around * to ** U.S. dollars) at ** percent. This presents a significant increasing trend since 2016. In contrast, the ** South African rand (* U.S. dollars) purchase band decreased considerably from a share of ** percent to ** percent in the period under review.
This indicates that the challenging economic conditions, likely exacerbated by the COVID-19 pandemic, have negatively affected those within the purchase band of ** South African rand and under. However, it has had a rather positive effect on the * to *** South African rand purchasing group.
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