Real Estate Market in South Africa Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report on Housing Market South Africa is segmented By Type (Villas and Landed Houses, Condominiums, and Apartments) and By city (Johannesburg, Cape Town, Durban, Port Elizabeth, Bloemfontein, Pretoria, and the Rest of South Africa). The report offers the market size and forecasts in values (USD billion) for all the above segments.

Real Estate Market in South Africa Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Africa Real Estate Market Size

View Global Report
South Africa Residential Real Estate Market - CAGR
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 21.97 Billion
Market Size (2030) USD 36.13 Billion
CAGR (2025 - 2030) 10.46 %
Market Concentration Low

Major Players

South Africa Residential Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South Africa Residential Real Estate Market with other markets in Real Estate and Construction Industry

Real Estate

Construction

South Africa Real Estate Market Analysis

The South Africa Residential Real Estate Market size is estimated at USD 21.97 billion in 2025, and is expected to reach USD 36.13 billion by 2030, at a CAGR of 10.46% during the forecast period (2025-2030).

Despite the uncertainties surrounding COVID-19 and the subsequent lockdowns, the residential property market has become one of South Africa's more robust sectors.

  • The country's demographics show that 15.6 million South Africans are aged 20 to 34. With the right economic opportunities, many first-time buyers are entering the market. Others who already have a home are discovering property's potential to create wealth. The good news for new investors is that interest rates are favourable, and the current slow rental growth will likely improve over time. Several factors have fuelled the housing market, like low-interest rates, the rise of working-from-home trends, and the appeal of more space in the event of lockdowns are among them.
  • The slow recovery in the labour market, combined with rising interest rates, suggests a less supportive medium-term environment for home-buying activity. However, if sustained, the ongoing shifts in housing needs, which have lent support to homeownership, could mitigate the impact. Residential real estate in South Africa can cost up to 1.6 million South African rands on average, depending on location. One of South Africa's three capital cities and the second-largest metropolis in the nation after Johannesburg, Cape Town is located in the West Cape province.
  • Even though housing prices in Johannesburg were reduced, they were still above the one million South African rand threshold. Even though costs vary greatly based on location and property type, the majority of residential property deals cost over 1.2 million South African rands. This was a little bit more than what was typical for mortgage loans to first-time buyers. In terms of the rental market, Mpumalanga saw the greatest growth in rents, but the Western Cape saw the highest rents.

South Africa Real Estate Industry Overview

The South African residential real estate market is fragmented, with various indigenous players. Most real estate companies have registered some of their most significant sales from properties in the Western Cape. Major players in the residential real estate sector are Pam Golding Properties, RE/MAX of Southern Africa, Seeff Property Services, and Harcourts Real Estate, as well as RDC Properties, WBHO, and Renprop. Though property development is not showing signs of slowing down, developers are struggling to increase occupancy rates due to oversupply. 

South Africa Real Estate Market Leaders

  1. Pam Golding Properties

  2. RDC Properties

  3. Renprop (Pty) Ltd

  4. Kaan Development

  5. Pipilo Projects

  6. *Disclaimer: Major Players sorted in no particular order
South Africa Residential Real Estate Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

South Africa Real Estate Market News

  • July 2022- To improve access to affordable and sustainable housing in South Africa, IFC (International Finance Corporation) announced an investment to help South African residential property developer Alleyroads build over 1,000 rental apartments in the Johannesburg area.
  • June 2022- Construction of a new mixed-use building, Rubik, began in Cape Town's CBD. The building will complement the city's growing skyline. Located on the corner of Roop and Rybeek Streets, the Rubik consists of luxury residential apartments above prime office and quality retail space. The architects have designed it in a very characteristic modern glass 'layered' building.

South Africa Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Current Economic Scenario and Consumer Sentiment
  • 4.2 Market Dynamics
    • 4.2.1 Drivers
    • 4.2.2 Restraints
    • 4.2.3 Opportunities
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power Of Suppliers
    • 4.3.2 Bargaining Power Of Buyers/Consumers
    • 4.3.3 Threat Of New Entrants
    • 4.3.4 Threat Of Substitute Products
    • 4.3.5 Intensity Of Competitive Rivalry
  • 4.4 Residential Real Estate Buying Trends - Socioeconomic and Demographic Insights
  • 4.5 Government Initiatives and Regulatory Aspects for the Residential Real Estate Sector
  • 4.6 Insights into Size of Real Estate Lending and Loaning to Value Trends
  • 4.7 Insights into Interest Rate Regime for General Economy and Real Estate Lending
  • 4.8 Insights into Rental Yields in the Residential Real Estate Segment
  • 4.9 Insights into the Capital Market Penetration and REIT Presence in Residential Real Estate
  • 4.10 Insights into Real Estate Tech and Startups Active in the Real Estate Segment (Broking, Social Media, Facility Management, and Property Management)
  • 4.11 Insights into Affordable Housing Support Provided by Government and Public-private Partnerships
  • 4.12 Insights on Residential Real Estate by Price Segment
  • 4.13 Insights on Residential Real Estate by Province (Gauteng, Western Cape, KwaZulu-Natal, Eastern Cape, and Rest of South America)
  • 4.14 Impact of COVID-19 on the market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Villas and Landed Houses
    • 5.1.2 Condominiums and Apartments
  • 5.2 By Key Cities
    • 5.2.1 Johannesburg
    • 5.2.2 Cape Town
    • 5.2.3 Durban
    • 5.2.4 Port Elizabeth
    • 5.2.5 Bloemfontein
    • 5.2.6 Pretoria
    • 5.2.7 Rest of South Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Company Profiles
    • 6.2.1 Pam Golding Properties
    • 6.2.2 Kaan Development
    • 6.2.3 RDC Properties
    • 6.2.4 Renprop (Pty) Ltd
    • 6.2.5 Pipilo Projects
    • 6.2.6 Harcourts International Ltd
    • 6.2.7 The Amdec Group
    • 6.2.8 Legaro Property Development
    • 6.2.9 Devmark Property Group
    • 6.2.10 Reeflords*
  • *List Not Exhaustive

7. FUTURE OF THE MARKET

8. APPENDIX

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

South Africa Real Estate Industry Segmentation

Residential real estate is an area developed for people to live in. As defined by local zoning ordinances, residential real estate cannot be used for commercial or industrial purposes. A complete background analysis of the South Africa Residential Real Estate Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in the report.

The South Africa Residential Real Estate Market is segmented By Type (Villas and Landed Houses, Condominiums, and Apartments) and By city (Johannesburg, Cape Town, Durban, Port Elizabeth, Bloemfontein, Pretoria, and the Rest of South Africa). The report offers the market size and forecasts in values (USD billion) for all the above segments.

By Type Villas and Landed Houses
Condominiums and Apartments
By Key Cities Johannesburg
Cape Town
Durban
Port Elizabeth
Bloemfontein
Pretoria
Rest of South Africa
Need A Different Region or Segment?
Customize Now

South Africa Real Estate Market Research FAQs

How big is the South Africa Residential Real Estate Market?

The South Africa Residential Real Estate Market size is expected to reach USD 21.97 billion in 2025 and grow at a CAGR of 10.46% to reach USD 36.13 billion by 2030.

What is the current South Africa Residential Real Estate Market size?

In 2025, the South Africa Residential Real Estate Market size is expected to reach USD 21.97 billion.

Who are the key players in South Africa Residential Real Estate Market?

Pam Golding Properties, RDC Properties, Renprop (Pty) Ltd, Kaan Development and Pipilo Projects are the major companies operating in the South Africa Residential Real Estate Market.

What years does this South Africa Residential Real Estate Market cover, and what was the market size in 2024?

In 2024, the South Africa Residential Real Estate Market size was estimated at USD 19.67 billion. The report covers the South Africa Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Africa Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Property in South Africa Industry Report

The South African residential real estate market is experiencing significant developments and trends, with a surge in demand for eco-friendly and sustainable properties. Customers are increasingly seeking properties that offer comfort, convenience, and affordability, located in safe neighborhoods with access to amenities. Key trends include the popularity of gated communities and mixed-use developments, driven by the desire for security, quality of life, and convenience. The market is influenced by macroeconomic factors such as economic growth, interest rates, and government policies. The unique history and socio-economic landscape of South Africa shapes the market dynamics, with a focus on affordable housing solutions and addressing spatial inequality. The property and housing market in South Africa is evolving to meet changing customer preferences, offering opportunities for first-time buyers and investors. Statistics for the Property in South Africa market share, size, and revenue growth rate are provided by Mordor Intelligence™ Industry Reports, offering a market forecast outlook and historical overview. Access a sample of this industry analysis as a free report PDF download.

Property Industry in South Africa Report Snapshots