Is anyone besides me getting a little bit nervous that in a country with an average income of about R50 000 a year, the average house price is now over R900 000?
Average house price to hit R1m markThe average price of a house in South Africa is set to top the R1 million mark next year – and economists warn that this will make it difficult for first-time buyers to enter the market.
The projected price is based on house price index figures supplied by Absa bank, which showed that by April the average price of a house in SA was R911 800.
