eThekwini Housing Market Report - 2018

As part of our series of reports on the eight metros in South Africa, this report on the residential property market in eThekwini, Kwa-Zulu Natal, provides a detailed analysis of government sponsored properties, freehold and sectional title homes, new and resale transactions, lending, first-time homebuyers. With a residential property market valued at R390.7 billion in 2017, over half (51%) of eThekwini’s residential properties are valued R600 000 or less. Only 21% of eThekwini’s residential properties are government-subsidised—the smallest share of all the metros. 2017 saw a steep increase in new registrations, largely due to government housing programmes. In 2017, 50% (or 7 904) of all transactions in eThekwini were bonded—primarily in the resale market.