10 Countries with Most Affordable Housing in the World

Page 6 of 10

5. South Africa

Affordability Index: 93.65

Profitability of Ownership Index: 103.62 

Average Score: 5

During the first two months of 2023, nominal house prices in South Africa rose by 2.5% from 2022. However, while the average price of a standard house stood at approximately $74,000 in the last quarter of 2022, it saw a 1.5% decline by the end of the third quarter in 2023.

Page 6 of 10