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Most property sellers are in Gauteng

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More than 116 000 properties were sold between August and December last year, reveals Lightstone data.

Most of these – 59 943 – were freehold homes. This was followed by 36 319 sectional title properties and 20 095 estate homes.

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The provincial statistics show that the overwhelming majority of properties were sold in Gauteng.

The figures by province are:
• Gauteng: 51 318
• Western Cape: 25 458
• KZN: 14 260
• Eastern Cape: 6 919
• Mpumalanga: 4 851
• Free State: 4 263
• North West: 4 048
• Limpopo: 3 734
• Northern Cape: 1 506

Lightstone data also shows that most of the properties sold – 45 945 – were in the “mid-value” bracket (R250 000 to R700 000).

This was followed by the “high-value” category (R700 000 to R1.5 million) with 43 781 sales, and “luxury” bracket (above R1.5 million) with 15 207 properties sold.

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