Real Estate Investor Magazine South Africa May/June 2015 | Page 37

RESIDENTIAL STATS

Residential Property Stock

The Bonded Valuation of Different Residential Property Types

P

roperty stock in the R7, 8 million price brackets
are split into two segments; in which 78% is
residential stock and 22% is non-residential
stock. Meanwhile, property stock in the R6, 4 trillion
price bracket includes 66, 9% of residential stock and
33, 1% non-residential stock.
These segments are further split up into types of
properties. This property stock is made up of 82, 8% of
properties in sectional title schemes, 12% is in free hold
property and 5, 2% in estates in the R6, 1 million-price
bracket, which is over the annual growth domestic
product. However, property stock in the R4, 3 trillion
price bracket includes 69, 9% of free hold property,
15% in estates and 15, 1% in sectional title schemes.
This is made up of 56% of residential free hold
properties are in the R3 million of more price bracket,
35% non-residential estates and properties in sectional
title schemes make up only 9% in the R3 million or
more price bracket.
34, 6% Of bonds were granted for properties in the
R6, 1 million-price bracket whereas 65, 4% of bonds
were not granted. Meanwhile, 52, 5% of bonds were
granted in the R4, 3 trillion-property market but 47,
5% of bonds were not granted.
36% Of bonded properties were valuated between
R250k and R500 000, the highest in the R6, 1 million
price bracket, whereas 8, 6% of bonded properties were
in the lower R3, 000 000 market.
36% Of bonded properties in the R6, 1 million price
bracket are worth between R1, 500 000 and R3, 000
000. While the 19, 4% of bonded properties are worth
less than R3, 000 000. 6, 2% Of bonded properties are
in the R4, 3 trillion price bracket.

RESOURCES
Lightstone Property
www.reimag.co.za

MAY 2015 SA Real Estate Investor

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