South Africa's property market has remained resilient during a year of intense challenges and change. The low interest rates certainty helped the property market, although the unrest in KwaZulu-Natal and Gauteng caused significant damage and rattled confidence.
Total Residential sale transactions for the year hit R278 809 753 309, with a total of 267 832 properties transferred. This is according to Deeds office data shared by Lightstone, which shows that some 55 799 females invested in properties during 2021, to the value of R58 316 368 224.
Performance across the various price bands show that upgrade homes in the high-value price band remained the most popular with some 98 675 homes sold to the value of R107bn, while luxury homes to the value of R99bn were also bought and sold.
- Table View - 480 transfers
- Parklands - 480 transfers
- Cape Town Centre - 445 transfers
- Sunningdale - 339 transfers
- Val de Vie - R1.3b
- Sea Point - R1b
- Cape Town Centre - R1b
- Table View - R983m