Buffalo City Surprises in Latest Stats SA Property Report
Econ Desk
– April 5, 2026
3 min read

Buffalo City (East London) was the city where prices grew the most between November 2024 and November 2025.
According to the latest Residential Property Price Index from Statistics South Africa (Stats SA), average property prices grew by 9.5% in Buffalo City between November 2024 and November 2025.
Cape Town was second, with prices growing by 9.3% over that period.
The only other city where property prices grew by more than 5% between November 2024 and November 2025 was Tshwane, where they went up by 5.6%.
Property price growth in South Africa’s other cities was 4.7% in eThekwini; 4.4% in Johannesburg; 3.9% in Nelson Mandela Bay and Ekurhuleni; and 2.6% in Mangaung.
Overall property price growth in South Africa’s metros areas as a whole was 6.7% between November 2024 and November 2025.
Stats SA also provides data on longer-term property price growth. According to the agency, overall property price growth in South Africa’s metros between December 2020 and November 2025 was 20.0%.
Cape Town leads the pack here, with average property prices growing by 31.1% between December 2020 and November 2025.
This time, Mangaung performs well, with average prices growing by 24.2% in the biggest city in the Free State between December 2020 and November 2025. There was also strong growth in Nelson Mandela Bay over that period, with prices growing by 21.4%.
Price growth in other cities over that period was18.3% in Tshwane; 14.5% in Ekurhuleni; 12.5% in eThekwini; 12.2% in Buffalo City; and 7.2% in Johannesburg.
Property price growth has been uneven across the country with prices growing fastest in Cape Town in the 2020s so far. However, the relatively strong growth in a number of other cities shows that, even given poor governance and service delivery challenges, prices have grown relatively strongly.
This shows that, if these issues start to be addressed, South Africa could be set for something of a property boom. However, if Cape Town remains the best-run city in the country, it is likely that this will continue to be the fastest-growing city, in terms of property prices, in the medium and long term.