Citymark: Analysis of residential property markets in South Africa’s eight metros

With support from the Cities Support Programme of National Treasury, the Citymark project undertakes analysis of South Africa’s residential property markets, with a particular focus on the lower end of the market. Utilising title deeds data obtained from Lightstone Pty Ltd, the analysis separates the market into four segments, allowing the careful examination of the differentiated performance of the entry level (under R300 000), affordable (R300 000 – R600 000), conventional (R600 000 – R1.2m) and high end (over R1.2m) markets. By merging suburb-level data from the deeds registry with StatsSA subplace data from the 2011 Census, we can undertake detailed, spatial analysis of residential property markets.

In 2018, we developed detailed reports on the size, activity and performance of the affordable housing markets in Cape Town, eThekwini and Mangaung. The reports are wide-ranging, providing market intelligence on opportunities and challenges in the housing market. Insights include, comments on the effects of rapid appreciation and production declines. They also include recommendations for policy environment alignment and investment strategies.

Our Citymark market intelligence dashboards allow users to engage with the data at metro level, by sub-place:

  • The Citymark: Interactive Housing Markets Insights 2017 dashboard allows you to view the number and location of residential properties by market segment by metro, disaggregating by government subsidised residential properties (RDP and BNG houses) vs. non government subsidised residential properties.
  • The Citymark: Mortgage Lending in South Africa 2017 dashboard presents the number and value of new, resale and total transactions with a bond at the subplace level for the eight metropolitan municipalities: Cape Town, Johannesburg, Ekurhuleni, Tshwane, Nelson Mandela Bay, Buffalo City, Mangaung and eThekwini—for the period 2007 to 2017. In addition, we provide the total number and value of bonds outstanding.
  • The newest dashboard analyses government-subsidised housing stock in each of the metros, and allows you to see how many BNG/RDP houses have been built in each Census sub-place of the eight metros. The dashboard also looks at new registrations and resale transactions of government-subsidised houses from 2012-2017 and which banks are providing mortgages for these sales.

In 2019, we have also developed separate reports on the residential property markets for each of the eight metros, with analysis of government-sponsored properties, freehold and sectional title homes, new and resale transactions, lending, and first-time homebuyers. The eThekwini, Johannesburg, Tshwane, Ekurhuleni,  Buffalo City, Nelson Mandela Bay, Cape Town and Mangaung reports are currently available.

CAHF’s work in South Africa is supported by:

 

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