Whatshot

2026
All
September
2025
All
November
All
2024
All
June
All
April
All
2023
All
March
All
2022
All
2021
All
2020
All
March
All
February
All
2019
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
2018
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
2017
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2016
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2015
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
DHS
April
All
March
All
February
All
January
All
2014
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
KZN
May
All
April
All
March
All
February
All
January
All
2013
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2012
All
December
All
November
All
October
All
September
All
August
All
July
All

Prime Property

Prime Property

Date: 2019-09-27

The Greater Durban Property Market - A Hot Seller!

It now takes substantially less time for properties in Durban to be sold, once they have been listed, compared to the start of this year. Furthermore, Durban has shown the largest increase in property prices in South Africa during this year.This is according to the latest property barometer report from First National Bank.

In stark contrast, compared to the first quarter of the year, properties in Cape Town and Tshwane are sitting on the market a week longer prior to being sold.

The recently released FNB Property Barometer, indicated that in the second quarter of 2019 it took 16.1 weeks for properties in Durban to be sold.

According to our recent agency data, cheaper properties (sub R3 million) sell considerably faster with an average listing period of 4 weeks compared to properties priced at R3 million and above, which may stay on the market for approximately 6 to 12 weeks.

What can we attribute Durban's improvement in selling time The recent property trend and rise in appealing housing developments along the North Coast and renewed interest in the city centre have certainly contributed to this positive change and turnaround period.Additionally, there has been an increase in properties purchased to let in the area.

Seeking expert property advice Contact Prime Property : 031 566 5416