Northern provinces drive SA property market growth

PRETORIA — 2024

South Africa’s northern provinces are becoming property hotspots with strong sales driven by affordable prices and lifestyle appeal. Limpopo, Mpumalanga and North West collectively recorded over 21 000 transactions worth R21.4 billion in 2024. (Seeff Property Group)

New residents moving for mining, agricultural and tourism opportunities are fueling demand. Many seek improved quality of life beyond traditional urban centers.

Entry-level homes below R2 million dominate sales. Luxury properties priced between R5 million and R8 million also attract buyers to bush and golf estates.

Security estates accounted for 22% of transactions and one-third of market value last year:

• North West led transaction numbers (8 272 sales worth R7.5 billion)
• Mpumalanga recorded highest total value (R8.3 billion from 7 603 sales)
• Limpopo dominated estate transactions (1 757 secured estate sales)

Five-year price growth shows strong momentum:
Provincial gains include North West (12%), Mpumalanga (27%) and Limpopo (61.5%). Limited stock in key price brackets maintains buyer demand.

Property experts say the northern provinces offer compelling opportunities for homeowners and investors seeking both affordability and growth potential.