Johannesburg, South Africa
Property prices · 2024 · Africa
Property price trend in Johannesburg (2024–2026)
Property comparison — cities in South Africa (2024)
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Johannesburg in 2024?
In Johannesburg, the average price per sqm in the city centre is ZAR 28,000, and ZAR 17,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Johannesburg in 2024?
A 1-bedroom apartment in Johannesburg rents for approximately ZAR 9,500 per month in 2024. A 3-bedroom apartment costs around ZAR 18,500/month.
Is it better to buy or rent in Johannesburg?
Buying may offer better long-term value in Johannesburg. 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 11.50%.
What are mortgage rates in South Africa in 2024?
The average mortgage rate in South Africa is approximately 11.50% 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 Johannesburg?
The average property price per square metre in Johannesburg city centre is ZAR 28,000 in 2024. Outside the centre, expect to pay around ZAR 17,000/sqm.