It’s been six months since we’ve taken a look at South Africa’s total residential market. The numbers reveal that while transfer volumes have dropped to near 2020 Covid levels, values do fare better. March was a better month for transfer volumes and value in both 2022 and 2023, so there will be keen interest to see whether 2024 transfers follow the same pattern. While looking more closely at Soweto, we see that homeowners spent nearly R900m on 2 200 properties in 2023, the highest annual sales value recorded in the iconic township. Read More
