In 2019, eThekwini’s residential property market was valued at R420.4 billion. Of the over 460 000 residential properties in the metro, 46% were valued below R600 000. Government-subsidised housing accounted for most properties in this segment— 59% in the entry market and 26% in the affordable segment.
This presentation unpacks CAHF’s Citymark analysis of eThekwini’s residential property market, looking carefully at the impact of government-subsidised housing on the metro, new build vs. resale market activity, and how first-time homebuyers are acquiring their first property. We also look into lending patterns of the main banks providing mortgages, and highlight the potential of the resale market and access to finance to support the lower end of the market.Download PDF