Langa property guide

After a second, very welcome, drop in the interest rate and inflation’s sharp upward trajectory seemingly curbed, investor sentiment is cautiously optimistic, and South Africans are once again looking to invest rather than divest with many turning to real estate which is traditionally regarded as one of the most stable investment options.

outh Africa’s rental market saw robust growth in Q3 2024, with average rents increasing to R8,856 and tenant affordability improving. For the first time since early 2023, tenants spent less than 30% of their income on rent, thanks to rising disposable incomes and easing debt pressures. The Western Cape led provincial growth at 9.3%, while Gauteng experienced slower growth at 3.1%. Lower inflation and interest rate cuts are expected to further strengthen tenant finances and support sustainable rental market growth.

Amid global uncertainty, South Africa’s luxury, high-end residential property market is experiencing elevated interest among both international and local high net worth buyers - most notably in sought-after locations around the country, says Dr Andrew Golding, chief executive of the Pam Golding Property group.