Share of property sales in South Africa 2016-2022, by wealth segment
In 2022, the majority of property transactions in South Africa occurred among those in the mid value wealth segment, with a share of 35 percent. The value of these properties ranged between 250 thousand and 700 thousand South African rand (approximately 14,000 to 38,000 U.S. dollars). Since 2016, mid value properties and high value properties (ranging between 38,000 and 82,000 U.S. dollars) made up the largest portion of property transactions in the country.