Pretoria - In more than 800 000 property listings for 73 capitals of the world, Pretoria has come up tops as the most affordable capital to live in.
This was revealed by US financial services firm NetCredit after extensive research across the world.
Pretoria came out on top after the company analysed more than 800 000 property listings for 73 global capitals while calculating the median house price for each, using the average monthly net salary for each city to calculate affordability.
In a statement, home loan service company BetterBond CEO Carl Coetzee said the news explained why residential property in the Jacaranda City has been going through “a bit of a purple patch.”
He added: “Understandably, its popularity has driven up house prices within the Greater Pretoria area, and we saw an increase of more than 13% in average house prices last year, according to the BetterBond Property Brief (April 2023) – good news for the local economy.
He said SA’s capital remained one of the most accessible cities for buyers across all price bands because it offered a wide selection of property types, including security complexes and estates.
Furthermore, the city boasts highly desirable leisure and lifestyle options, outstanding medical facilities, excellent schools, and first-class tertiary education, including the University of Pretoria, the University of South Africa and the Tshwane University of Technology, according to Coetzee.
Pretoria News