Properties and houses for sale in Port Alfred, Port Alfred, 1-1 of 1

Property prices may be increasing across the country as buyers continue to make the most of the lowest interest rates in more than five decades, but there are still areas where the average purchase price is less than R1 million.

If you’re an aspiring homeowner looking to invest up to R1 million on your first property, Gqeberha (Port Elizabeth) in the Eastern Cape is your best bet. An influx of new developments means that entry-level buyers are able to gain a foothold on the property ladder by buying off-plan homes that fall below the threshold for transfer duties.

The Eastern Cape may well be South Africa’s most desirable place to live, especially for women wanting to buy their first home and former tenants who can now afford to pay a bond.