South Africa has just been ranked the most affordable country in the world to buy property. This comes from international real estate analysts Best Brokers, who compared over 60 countries and adjusted the data for inflation.

Their findings show that in South Africa, house prices are only 6.22% higher than average wages. That makes it the most accessible property market globally, even when compared to countries like Turkey, where property costs over 80% of the average salary.

This should be good news for aspiring homeowners. But here’s the problem – most South Africans still find it difficult to buy a home.

What’s holding people back?

According to the 2024 TPN Tenant Survey, 58% of South Africans say financial constraints are stopping them from buying. Nearly half say they simply can’t afford it.

So even though houses are relatively cheap, the real barriers are access to credit, financing, and large upfront deposits. Meanwhile, rent keeps going up, making it harder to save.

The PayProp Rental Index shows that the average rent reached a record R9,051 by the end of 2024. Tenants are now spending almost 29% of their income just on rent, and 17% are already behind on payments. To make matters worse, landlords are increasing deposit requirements to cover their risk.

The Western Cape has the highest average rent at R11,141 and the lowest vacancy rate at 1.07%, showing how tight the rental market is becoming.

Here’s the good news

Owning property is still possible – if you know how to approach it the right way. That means understanding financing, protecting your assets, and planning for long-term wealth.

Want to make money through property? Protect your assets? Build real generational wealth?

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✔️ Property investment strategies that work
✔️ Smart ways to access financing
✔️ Legal tools to protect your assets
✔️ Creating a legacy for your family

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