|South Africa||11 yrs|
Africa: Price/rent ratio
This ratio is typically used for measuring undervaluation/overvaluation of real estate prices, calculated by dividing the average house price with the average yearly rent. In essence, it provides us with information about how many years it would take to earn back our investment in the current market situation. Usually, any value up to 20 could be considered as a potential investment market (the lower the value, the better). However, this does not take into account any taxes or other costs that are related to the purchase and rental process.
When wereas theise data collected? Click on individual countries to see the data collection date.
Statistics for Africa. Africa is a desert so far as house-price statistics are concerned. The exception is South Africa, where ABSA Group releases good house price data, and has a monthly house price index.