In 2022, the majority of property transactions in South Africa occurred among those in the mid value wealth segment, with a share of 35 percent. The value of these properties ranged between 250 thousand and 700 thousand South African rand (approximately 14,000 to 38,000 U.S. dollars). Since 2016, mid value properties and high value properties (ranging between 38,000 and 82,000 U.S. dollars) made up the largest portion of property transactions in the country.
Proportion of property transactions in South Africa from 2016 to 2022, by wealth segment
Affordable (less than R250k) is equivalent to less than 13,678 U.S. dollars.
Mid value (R250k - R700k) is equivalent to 13,698 - 38,353 U.S. dollars.
High value (R700k - R1.5m) is equivalent to 38,353 - 38,353 U.S. dollars.
Luxury (R1.5m - R3m) is equivalent to 38,353 - 164,370 U.S. dollars.
Super wealthy (R3m+) is equivalent to 164,370 U.S. dollars and above.
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Lightstone. (March 1, 2023). Proportion of property transactions in South Africa from 2016 to 2022, by wealth segment [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1424065/share-of-property-transactions-by-wealth-segment-in-south-africa/
Lightstone. "Proportion of property transactions in South Africa from 2016 to 2022, by wealth segment." Chart. March 1, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1424065/share-of-property-transactions-by-wealth-segment-in-south-africa/
Lightstone. (2023). Proportion of property transactions in South Africa from 2016 to 2022, by wealth segment. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1424065/share-of-property-transactions-by-wealth-segment-in-south-africa/
Lightstone. "Proportion of Property Transactions in South Africa from 2016 to 2022, by Wealth Segment." Statista, Statista Inc., 1 Mar 2023, https://www.statista.com/statistics/1424065/share-of-property-transactions-by-wealth-segment-in-south-africa/
Lightstone, Proportion of property transactions in South Africa from 2016 to 2022, by wealth segment Statista, https://www.statista.com/statistics/1424065/share-of-property-transactions-by-wealth-segment-in-south-africa/ (last visited November 21, 2024)
Proportion of property transactions in South Africa from 2016 to 2022, by wealth segment [Graph], Lightstone, March 1, 2023. [Online]. Available: https://www.statista.com/statistics/1424065/share-of-property-transactions-by-wealth-segment-in-south-africa/
