Question: What is the average building cost in South Africa?

Building costs vary widely from one region to another. However, the average cost of building a conventional suburban house in South Africa’s major centres at present ranges from about R10 000 to R15 000/m2.. This can increase to R25 000 or more for a luxury home.

How much does it cost to build a house in South Africa 2020?

The latest statistics indicate that it costs about R7,793 per square meter to set up a decent small home in the country. Other sources indicate that in 2020, it costs about $100 to $200 per square foot to build a decent house and $200 to $500 per square foot for a customized luxurious home.

What is the current building cost per square metre in South Africa?

According to Briefly, estimated price ranges are as follows: R8 000 to R13 000 per square meter for a high-end, market quality house. R5 000 per square meter for lower cost housing. R20 000 per square meter and above for high-quality homes.

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What are building costs in South Africa?

On average, the cost of building a conventional suburb house in the major centres in South Africa ranges between R10,000 to R15,000 per square metre. The fee can increase to R25,000 for a luxury house.

What is building costs per square metre?

Sitting at the opposite end of the price scale and at the second most expensive construction province is Gauteng at R7 870 per m2 followed by the Western Cape at R7 020 per m2.

How much will it cost to build a 4 bedroom house in South Africa?

In summary, the cost of building a house in South Africa can be anywhere between R10,000 and R20,000 per square metre or from R800,000 for a small 2 bedroom home in the North West Province to R7,000,000 for a 4 bedroom property in Kwa Zulu Natal.

Can I build a house for 100k?

It depends on the house and your budget

And that’s in an area where homes are more affordable. However, if you do it right, you can build a home all on your own (or maybe with a little help) for under $100,000.

Can you build a house for 200k?

If your budget is under $200,000

On average, you can build a modern home of about 1,000 to 2,000 square feet with this budget. This equates to a one- to four-bedroom home, which can cost as little as $90,000 (but up to $500,000). So much depends on how you use the square footage you can afford!

How much does it cost to build a RDP house in South Africa?

An Average RDP house is around 50 square meters and is built for around an average cost of R1 500 per square meter.

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Is it cheaper to build or buy a house in South Africa 2021?

It is still much cheaper to buy an existing house than to build a similar size new house. Second hand housing in South Africa is now on average one third cheaper than similar size new housing. … The price gap between new and existing houses has narrowed slightly but is still very wide.

How much do houses cost in South Africa?

For the year to date, Lightstone statistics also reveal that 79% of sales comprised homes under R3 million and over half (53%) under R1.

This is how much the average house costs in South Africa.

# Average House Price Price
1 Major Metro Areas R1 213 493
2 Upper Income Area R2 641 917
3 Middle Income Area R1 396 396
4 Lower Income Area R868,887

How much would it cost to build a 4-bedroom house?

How much does it cost to build a 4-bedroom house? In most markets, a 4-bedroom home will cost between $200,000 and $400,000 to build. Costs can go up based on local and regional material and labor costs and choices made by the home builder.

How much would a 3 bedroom house cost?

The average cost of building a 3-bedroom house is between $248,000 and $310,000, while the cost to build a 4-bedroom house about $388,000 to $465,000, and the cost to build a small 2-bed home is about $93,000 to $155,000.

How much does it cost to build a wooden house in South Africa?

How much does a high quality timber home cost? As a very quick general guideline, between R 10 000.00 and R 12 000.00 per m² for a complete home or as per the examples below; A 160m² 3 bedroom home will cost +- R 1 600 000.00 to build.

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How much does it cost to build a granny flat in South Africa?

The cost of building a 2 bedroom granny flat on the other hand, is calculated per square meter. On the average, a square metre goes at about R2000 leaving the cost of a traditional granny flat (about 150 sqm) between R300,000 and R500,000.

What’s the average cost of building a house?

While the average cost to build a house is $298,000, most homeowners spend between $150,000 and $445,000 to build their home. While you can get a general idea of what you may pay, it’s important to keep in mind that there are numerous factors which will impact the cost to build.