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More than 2,000 property transactions worth more than R1.1bn have been recorded for Soweto over the past year

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GUEST - Hayley Ivins-Downes, Head of Digital at Lightstone Property

Soweto is one of the most dynamic residential property markets in the country. It is a bustling neighbourhood with some 37 suburbs which are home to over 186,000 properties, more than double compared to 1994 according to Lightstone data.

More than 2,000 property transactions worth more than R1.1bn have been recorded for Soweto over the past year. Generally, a 40%-plus of buyers tend to be under 35-years of age with the majority being first-time buyers, according to Lightstone, the research group.

21 Mar 2024 4PM English South Africa Business News · Investing

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