How much it costs to buy a home in South Africa

• South African homebuyers paid an average of R1.7 million for a home in July 2026.
• This is due to improved affordability and resilient demand, as well as the Monetary Policy Committee's decision to keep the benchmark lending rate at 7%.
• The news has been welcomed by first-time buyers, who are taking advantage of lower interest rates and higher average incomes to purchase homes.