The average value of registered residential property sales in five major South African townships has risen over the past decade.
Lightstone, which provides information, valuations and market intelligence on properties in South Africa,
“The increase in average value of registrations has been most pronounced in Thembisa, moving from R284,217 in 2013 to R717,169 in 2023, and Mamelodi, which went from R232,972 in 2013 to R687,469 in 2022, marginally higher than the average recorded in 2023.” Khayelitsha has been consistently on the low side in terms of new property registrations, while Umlazi and Thembisa have seen activity levels increase in 2021 and 2022 after a ten-year low in 2020.The township’s 34,071 properties are valued at R610,420 on average, compared to R515,726 in Umlazi , Mamelodi , Soshanguve and Khayelitsha .
“Homeowner stability is most pronounced in all the townships surveyed in the mature and pensioner age categories with Umlazi being the exception where the most stable owners are in the younger age groups.
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