Property Prices in George, South Africa

Index
Price to Income Ratio:	3.94
Mortgage as Percentage of Income:	48.40%
Loan Affordability Index:	2.07
Price to Rent Ratio - City Centre:	7.62
Price to Rent Ratio - Outside of Centre:	6.40
Gross Rental Yield (City Centre):	13.12%
Gross Rental Yield (Outside of Centre):	15.63%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	7,075.00 R	6,800.00-8,000.00
Apartment (1 bedroom) Outside of Centre	5,716.67 R	5,000.00-7,500.00
Apartment (3 bedrooms) in City Centre	12,700.00 R	10,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre	13,216.67 R	8,000.00-20,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,091.60 R	557.41-1,625.79
Price per Square Feet to Buy Apartment Outside of Centre	836.12 R	371.61-1,300.63
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	13,166.67 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	10.88	10.50-11.25

These data are based on 43 entries in the past 18 months from 8 different contributors.
Last update: November 2024

Sources and References

Nearby cities:

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Property Prices in Plettenberg Bay	58.99 miles
Property Prices in Riversdale	87.97 miles
Property Prices in Swellendam	132.94 miles
Property Prices in Jeffreys Bay	159.39 miles
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Property Prices in Worcester	203.11 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	13,500.00
GDP Growth Rate:	1.91%
Population Growth Rate:	1.08%