Property Prices in Port Elizabeth, South Africa

Index Info
Price to Income Ratio: 3.34
Mortgage as Percentage of Income: 43.95%
Loan Affordability Index: 2.28
Price to Rent Ratio - City Centre: 6.79
Price to Rent Ratio - Outside of Centre: 7.09
Gross Rental Yield (City Centre): 14.74%
Gross Rental Yield (Outside of Centre): 14.11%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 9,766.67 R 5,600.00-12,000.00
Apartment (1 bedroom) Outside of Centre 7,142.86 R 4,500.00-9,000.00
Apartment (3 bedrooms) in City Centre 18,583.33 R 12,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 12,437.50 R 8,000.00-17,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,377.78 R 882.57-2,322.56
Price per Square Feet to Buy Apartment Outside of Centre 1,011.34 R 696.77-1,486.44
Salaries And Financing
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Average Monthly Net Salary (After Tax) 19,240.48 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.93 11.00-13.00

These data are based on 70 entries in the past 18 months from 12 different contributors.
Last update: November 2024

Sources and References
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1 Comments so far
Nathan Ratcliff on Mar 21, 2024:
Hi,
Can you please email me cost of living figures for 2003, for food, rent, elec, water, municipal rates and internet, for a single person living in the (white - middle class) outer suburbs of Port Elizabeth, S.Africa?
Thank you, regards, Nathan.