Although Johannesburg is South Africa’s economic and financial centre houses for sale around Johannesburg are not the most expensive in the country. That status is reserved for Cape Town, where property that is relatively the same size is often double in price. Strangely, though, rentals are higher in Johannesburg.
This means that houses for sale around Johannesburg are great as an investment. South Africa’s top buyers’ consultancy, SAHomeBuyers, will tell you everything there is to know about Johannesburg property. For your free non obligatory property consultation contact us by email here or telephone us on + (0) 78 233 1562 to find out more.
Houses for Sale around Johannesburg
The rental yields on apartments in Johannesburg are impressive and range from 10.69% to 13.31%. Rental yields of houses are less, but still excellent. A three bedroom house, which costs US$587,790, will rent out for $3,546 a month, returning a yield of 7.24%. Oddly, the bigger the house, the lower the yield. A 5 bedroom home costing $1,710,287 will rent for $6,386 a month, the yield being 4.48%.
Johannesburg being the financial and commerce hub of South Africa and in fact of Southern Africa, the market for rentals is always thriving. Services are increasingly outsourced and a lot of business these days is about short and medium term contracts. Business people are constantly flying into and out of Johannesburg, needing temporary accommodation.
Houses for Sale around Johannesburg – a City That Hums
But if you are looking at houses for sale around Johannesburg because you have chosen to live there, you’ll be happy to know that property prices here are almost half those of Cape Town. And Johannesburg is well known for its lively spirit and the incredible friendliness of those who live there. It has a thriving arts and night life entertainment culture, and a dizzying variety of suburbs to choose from.
Find out more about Houses for Sale around Johannesburg
Purchasing property is one of life’s major events. Whatever your reason for buying, it’s important to be properly informed about the area you’re interested in. At SAHomeBuyers our consultants have a comprehensive knowledge of all areas in Johannesburg. Contact us for your free and non obligatory property consultation. Email us here or telephone us on + (0) 78 233 1562. We will tell you all there is to know about houses for sale around Johannesburg.
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