Durban, South Africa
Property prices · 2024 · Africa
Property price trend in Durban (2024–2026)
Property comparison — cities in South Africa (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Durban |
|---|---|---|---|---|
| Durban | ZAR 22,000 | ZAR 14,500 | ZAR 7,500 | — |
| Cape Town | ZAR 42,000 | ZAR 25,000 | ZAR 15,000 | +90.9% |
| Johannesburg | ZAR 28,000 | ZAR 17,000 | ZAR 9,500 | +27.3% |
| Pretoria | ZAR 18,000 | ZAR 11,800 | ZAR 6,200 | -18.2% |
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Durban in 2024?
In Durban, the average price per sqm in the city centre is ZAR 22,000, and ZAR 14,500 outside the centre (2024 data). Prices have risen 10.5% since 2024.
How much is rent in Durban in 2024?
A 1-bedroom apartment in Durban rents for approximately ZAR 7,500 per month in 2024. A 3-bedroom apartment costs around ZAR 12,000/month.
Is it better to buy or rent in Durban?
Buying may offer better long-term value in Durban. The price-to-rent ratio is 14.0x — it would take approximately 14.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 9.50%.
What are mortgage rates in South Africa in 2024?
The average mortgage rate in South Africa is approximately 9.50% as of 2024. With a price-to-rent ratio of 14.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Durban?
The average property price per square metre in Durban city centre is ZAR 22,000 in 2024. Outside the centre, expect to pay around ZAR 14,500/sqm.