We simplify the complex
Property Newsletter | December 2023

2023 in numbers

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First time buyers

Transfers: 101 878 (2022: 144 653)
Purchase value: R75 535 021 812 (2022: R105b)

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Repeat buyers

Transfers: 139 010 (2022: 196 029)
Purchase value: R182 340 013 225 (2022: R240b)

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Top 10 suburbs by volume

Gauteng leads the way in terms of volume with 7 suburbs, followed by 2 in the Western Cape and 1 in Limpopo.

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Top 10 suburbs by average Lightstone value

When it comes to value, 9 out of the top ten suburbs are in the Western Cape – with just Blair Atholl in Gauteng being the outlier.

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Commercial transactions

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Retail therapy

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Daily vehicle visits to the 20 busiest malls

Daily vehicle visits exceeded 10k (on average) and for some are as high as 17k a day

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20 busiest malls by province

14 in Gauteng
4 in KwaZulu-Natal
2 in Western Cape

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Average dwell time

V&A Waterfront (105 minutes)
Mall of Africa and Sandton City (90 minutes)



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