{"id":361916,"date":"2019-12-30T18:00:19","date_gmt":"2019-12-30T16:00:19","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=361916"},"modified":"2019-12-30T11:01:09","modified_gmt":"2019-12-30T09:01:09","slug":"the-most-valuable-suburbs-in-south-africa-and-other-standout-property-stats-you-should-know","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/361916\/the-most-valuable-suburbs-in-south-africa-and-other-standout-property-stats-you-should-know\/","title":{"rendered":"The most valuable suburbs in South Africa – and other standout property stats you should know"},"content":{"rendered":"

Analytics group Lightstone has published some of South Africa’s notable property trends for 2019 – including the most valuable suburbs and the best-run municipality.<\/p>\n

The group’s data shows that South Africa is home to 9,876 suburbs with Hospitaalpark in Limpopo, Havenside in Kwa-Zulu Natal and Hartzenbergfontein AH in Gauteng taking the top three spots based on growth inflation over the last year.<\/p>\n

Last year, 315,899 properties were sold in South Africa amounting to R243 billion. To date, 261,097 properties have sold in 2019, totalling R210 billion.<\/p>\n

The town of Noordhoek, in the Western Cape, achieved the average highest transaction prices across the year at R4.5 million.<\/p>\n

The most expensive residential property sold in 2019 was R45.7 million, while the most expensive commercial property sold for R365.5 million.<\/p>\n

Below are some of the other notable statistics.<\/p>\n

\n

The highest-valued suburbs\u00a0<\/strong><\/p>\n

In Johannesburg, the suburbs of Sandhurst, Westcliff and Blair Atholl have the highest average value.<\/p>\n

In Cape Town, Llandudno, De Bosch and Constantia emerged as the suburbs with the highest average value.<\/p>\n

Umhlanga in Kwazulu-Natal also features among the top 10 suburbs with the highest average value.<\/p>\n

Best-run municipality<\/strong><\/p>\n

In 2019 the Good Governance Africa (GCA) rated Mossel Bay in the Western Cape as the best-run municipality in South Africa.<\/p>\n

Lightstone noted that the town is made up of 24,8133 properties (freehold, sectional title and estates) with 15,390 transactions having taken place over the last five years.<\/p>\n

The value of properties in the area has enjoyed a steady increase with freehold properties making up the largest percentage of the property market with 65.9%, followed by estates with 18.92% and sectional title units with 15.1%.<\/p>\n

Limpopo beats Cape Town<\/strong><\/p>\n

Cape Town has traditionally been highlighted as consistently showing growth above the national average. But in October 2019 Limpopo took over in terms of inflationary growth.<\/p>\n

Limpopo boasted a 5.9% annual growth with an increase in high-end properties \u2013 most of which have become second homes to affluent Gauteng residents.<\/p>\n

The increase in mining activity in the province has also had a positive effect on property developments in the area. Inland municipalities of Ekurhuleni, City of Tshwane and City of Johannesburg continue at a stable rate of between 1% and 4%, whereas coastal municipalities generally perform above this range.<\/p>\n

The low and mid-value wealth segment continues to challenge the trend by showing annual growth of more than 4% whilst other wealth segments perform below this.<\/p>\n

\"\"<\/a><\/p>\n

Women are buying<\/strong><\/p>\n

Looking specifically at property, single females dominated property sales in both 2017 2018 and 2019, compared to single men and even married couples.<\/p>\n

The average price of homes purchased by single females is around R800,000.<\/p>\n

Car purchases in the last year have also been divided equally between women and men, and female Porsche owners climbed from 6 to 9% in the last year.<\/p>\n

\n

Read: Foreigner investors may be safe from South Africa\u2019s land expropriation \u2013 for now<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Analytics group Lightstone has published some of South Africa’s notable property trends for 2019 – including the most valuable suburbs and the best-run municipality.<\/p>\n","protected":false},"author":10,"featured_media":205646,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26,7421],"class_list":["post-361916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline","tag-lightstone"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/361916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=361916"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/361916\/revisions"}],"predecessor-version":[{"id":363270,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/361916\/revisions\/363270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/205646"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=361916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=361916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=361916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}