How much it would cost to own a home in south-Africa 2020

How Much Will It Cost to Own A Home In South Africa In 2020
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South-Africa, just like any other nation of the world, has a standard and strategic plan for its modern housing. 

The cost of owning a house in South Africa as of today is quite expensive. The average costs includes drawing plan than sending it to local municipality for approval. all can cost an average of 307,530 Rands. for luxury homes

while environmentally friendly housing project/community would cost 153,765 rands

Presently, building costs in South Africa are highly affordable, making the country one of the most desirable places for citizens to build their dream homes and investors to extend their commercial empires. 

The price in owning a house in South Africa is calculated in square meters.

As of January this year, (2020), a high-end market quality modern homes are a bit expensive and always on-demand at costs ranging between R8,000 and R13,000 for every square meter. Some South Africans construct at lower costs of about R5,000/m2 while other quality-oriented homeowners are willing to pay an excess of R20,000/m2.

For those who want to buy a two-bedroom flat, it goes for R860,000 and above depending on the location, rural areas cheaper, urban areas in millions of rands.

Three (3) bedroom flat goes for R1, 390,500 and above also depending on the location.

How Much Does It Cost To Build a Two Bedroom House in South Africa

How Much Does It Cost To Build a Two Bedroom House in South Africa
Cost To Build a Two Bedroom House in South Africa

The cost of building presently is far more than buying, the average cost of building a small 2-bedroom modern home in this current economy in South-Africa is about $93,000 to $155,000 ( R1, 447, 955.12  to R2, 413, 258.54) except you want to buy older buildings that are way cheaper. 

Features:

  • 2 Bedroom
  • 2 Bathrooms
  • 1 Undercover Packing
  • 1 Kitchen
  • Space for Dining
  • Fenced
  • Access Gate
  • Spacious sitting room
  • 1 Security Post

How Much Does It Cost To Build a Three bedroom house in South Africa

To build a 3-bedroom house in most cities in South Africa today goes between $248,000 (R38, 61213.66) and $310,000 (R48, 26517.07), while the cost to build a 4-bedroom house is about $388,000 (R60, 409, 31.04) to $465,000 (R72, 397, 75.61).

Features of 3 Bedroom Flat:

  • 3 bedroom
  • 3 Bathrooms
  • 1 Undercover Packing
  • 1 Kitchen
  • Fenced
  • Access Gate
  • Spacious sitting room
  • 1 Security Post
  • Space for Dining

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