RESIDENTIAL Most property sellers are in Gauteng | Simply Online

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RESIDENTIAL Most property sellers are in Gauteng

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More than 116 000 properties were sold between August and December last year, reveals Lightstone data.

Most of these – 59 943 – were freehold homes. This was followed by 36 319 sectional title properties and 20 095 estate homes.


The provincial statistics show that the overwhelming majority of properties were sold in Gauteng.

The figures by province are:

• Gauteng: 51 318

• Western Cape: 25 458

• KZN: 14 260

• Eastern Cape: 6 919

• Mpumalanga: 4 851

• Free State: 4 263

• North West: 4 048

• Limpopo: 3 734

• Northern Cape: 1 506


Lightstone data also shows that most of the properties sold – 45 945 – were in the “mid-value” bracket (R250 000 to R700 000).

This was followed by the “high-value” category (R700 000 to R1.5 million) with 43 781 sales, and “luxury” bracket (above R1.5 million) with 15 207 properties sold.


*Article sourced from Property 360*