Property Prices in Pietermaritzburg, South Africa

Index Info
Price to Income Ratio: 4.05
Mortgage as Percentage of Income: 51.77%
Loan Affordability Index: 1.93
Price to Rent Ratio - City Centre: 18.76
Price to Rent Ratio - Outside of Centre: 10.34
Gross Rental Yield (City Centre): 5.33%
Gross Rental Yield (Outside of Centre): 9.67%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 4,000.00 R 3,500.00-4,500.00
Apartment (1 bedroom) Outside of Centre 3,000.00 R 1,500.00-4,500.00
Apartment (3 bedrooms) in City Centre 10,750.00 R 4,500.00-17,000.00
Apartment (3 bedrooms) Outside of Centre 6,250.00 R 6,000.00-6,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,858.05 R
Price per Square Feet to Buy Apartment Outside of Centre 673.54 R 232.26-1,114.83
Salaries And Financing
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Average Monthly Net Salary (After Tax) 16,840.00 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.50

These data are based on 15 entries in the past 18 months from 3 different contributors.
Last update: October 2024

Sources and References
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