Real Estate in Pretoria, South Africa
Last updated on Nov 02, 2024
Summary: People living in Pretoria, South Africa offer advice about real estate. How do you find a home in Pretoria? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Pretoria?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Pretoria involves several steps. First, you need to determine your budget. This will help you narrow down the areas in Pretoria where you can afford to live. Next, you should decide on the type of accommodation you want. This could be a house, an apartment, a townhouse, or a shared living space. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms that list properties for rent or sale in Pretoria. Websites like Property24, Private Property, and Gumtree are popular choices. You can filter your search on these platforms based on your preferences. For example, you can specify the number of bedrooms you want, whether you need a furnished or unfurnished place, and other amenities you might need like a parking space or a garden. It's also a good idea to visit the neighborhoods you're interested in to get a feel for the area. Check out the local amenities, such as shops, restaurants, and parks. If you're moving to Pretoria from another country, you might want to consider hiring a relocation company. They can help you with everything from finding a place to live to setting up utilities and navigating local laws and regulations. Once you've found a place you like, you'll need to contact the landlord or estate agent to arrange a viewing. If you decide to take it, you'll usually need to provide some form of identification, proof of income, and a deposit. Finally, make sure you read and understand the lease agreement before signing it. It's important to know what you're agreeing to, including any rules about pets, maintenance responsibilities, and what happens if you need to break the lease early. Remember, finding a place to live can take time, so it's a good idea to start your search well in advance of when you plan to move," said one person in Pretoria.
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What is a typical expat home or apartment like in Pretoria?
"A typical expat home or apartment in Pretoria, is often located in a secure complex or gated community, offering an extra layer of safety. These homes are usually modern and spacious, with multiple bedrooms and bathrooms, a fully equipped kitchen, and a living area. Some may also have a private garden or a balcony with a view. The interior design often combines contemporary aesthetics with local elements, creating a unique and comfortable living environment. Amenities such as a swimming pool, gym, or barbecue area are common in these residential complexes. The location is usually convenient, close to shopping centers, restaurants, schools, and other essential services. Many expat homes also come with a garage or dedicated parking space. Some high-end apartments may even offer services like housekeeping or laundry. The neighborhoods are generally quiet and well-maintained, with a strong sense of community among residents," said one expat in Pretoria.
What is the average cost of housing in Pretoria?
If you are thinking about moving to Pretoria, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Pretoria can vary greatly depending on the area and type of property. For instance, in the city center, you might expect to pay a higher price compared to the outskirts. As of recent data, the average price for a standard apartment in the city center could be around 1.5 million South African Rand, while a similar property in the suburbs might cost around 1 million South African Rand. However, these prices can fluctuate based on market conditions and other factors," said one person in Pretoria.
Should I buy or rent a home in Pretoria?
If you have not spent a lot of time in Pretoria, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Pretoria, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Pretoria for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in Pretoria for a long period or if you prefer not to have the responsibilities that come with homeownership, such as maintenance and repairs. Renting can also offer more flexibility, as it's generally easier and quicker to move from a rental property than it is to sell a house. Financially, buying a home requires a significant upfront cost, including a down payment and closing costs. You'll also need to be able to afford ongoing costs like mortgage payments, property taxes, insurance, and maintenance. If you're not in a position to handle these costs, renting might be a more affordable option. However, it's also important to consider the rental market in Pretoria. If rents are high and rising, the cost of renting over the long term could end up being more than the cost of buying and owning a home. In conclusion, the decision to buy or rent a home in Pretoria should be based on your personal and financial circumstances. It's a good idea to consult with a financial advisor or real estate professional to help you make the best decision for your situation," explained one expat living in Pretoria, South Africa.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.