City of Tshwane Housing Market Report - 2021

As part of our series of reports on the eight metros in South Africa, this report on the residential property market in City of Tshwane, provides a detailed analysis of government-sponsored properties, freehold and sectional title homes, new and resale transactions, lending, and first-time homeowners–based on analysis of deeds data as of 30 June 2021. City of Tshwane’s residential property market is the third largest of the eight metros by total value (R574.4 billion). 44% of  the city’s residential properties were valued below R600 000. Government subsidised housing accounted for most properties in this segment— 77% in the entry market and 21% in the affordable segment.

Due to the pandemic, the total number of new transactions was expected to drop further in 2020, however the figure marginally increased by 8% to 6292 total new transactions. The increase was largely driven by a resurgence in the delivery of GSP in the entry level market after the slowdown experienced in 2019. Compared to 2019, there was a significant shift in the market with sectional title properties accounting for over half (57% ) of new transactions.

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 five segments, allowing the careful examination of the differentiated performance of the entry level (under R300 000), affordable (R300 000 – R600 000), conventional (R600 000 – R900 000), high-end (R900 000 – R1.2m) and luxury (over R1.2m) markets.

CAHF’s work in South Africa is supported by:

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