Mon May 06 2024 12:00:11 GMT+0000 (Coordinated Universal Time)

3,575 Properties for sale in Bloemfontein listings are price checked

Listings from okandiviprop.com, propertyladybrand.co.za and 20 more

Living in Bloemfontein: A Quick Guide to the Real Estate Market & Neighborhoods
Market status in Bloemfontein
Our catalog on Ananzi.co.za offers a comprehensive overview of the real estate sales market status in Bloemfontein (Free State, South Africa), showcasing the latest trends and offerings. The city features various dwelling types, with House leading with an average price of R 1.9 million ZAR, an average size of 425 m², and representing 65.9% of listings. Apartment follow with an average price of R 1.9 million ZAR, an average size of 425 m², and 19% of listings. Townhouse make up 12.2% of listings, with an average price of R 1.3 million ZAR and an average size of 261 m².
Nearby cities for commuters
Exploring alternatives to Bloemfontein unveils Kimberley, Kroonstad, and Potchefstroom, each promising a unique mix of proximity and more affordable living compared to Bloemfontein. Kimberley, a short hop from Bloemfontein, is notable for its lower average real estate price of R 2.2 million ZAR. The commute in Kimberley is diverse, featuring a 160 km, 120-minute trip by car, and a 160 km, 150-minute journey by public transport. Kroonstad, nestled 219 km away by car from Bloemfontein, showcases homes at an inviting average price of R 2.5 million ZAR. Connectivity flourishes in Kroonstad with a 220 km, 180-minute ride via public transport, and a 219 km, 780-minute trip by bike. Lastly, Potchefstroom, offering a captivating average property price of R 1.5 million ZAR, lies just 420 km from Bloemfontein by car. The commuting scene in Potchefstroom is versatile, with a 420 km, 1680-minute commute via bike, and a 420 km, 300-minute route by public transport. Each Bloemfontein alternative enriches the quest for those looking to stay close to Bloemfontein while finding a home that suits their budget and lifestyle needs, complete with varied commuting options to ensure easy access to and from Bloemfontein.
FAQ
What are the property taxes in Bloemfontein and are there any other ongoing costs I should consider?
In Bloemfontein, property taxes vary based on property valuation. The average property tax rate is usually included in monthly municipal bills. Additionally, home owners should budget for utility costs such as water, electricity, and refuse removal. There might be extra charges like sewerage depending on the property specifics. Always check current rates on your municipality's website for accurate estimates.
What types of upfront costs and fees will I have to pay when purchasing a property in Bloemfontein?
When purchasing a property in Bloemfontein, upfront costs include transfer duty tax (if the purchase price is above R1,000,000), conveyancing attorney fees, bond registration fees (if you're getting a mortgage), and a possible deposit. Costs vary by property value. Transfer fees can be accessed via online calculators. Estimate all costs for a comprehensive financial plan before making a purchase.
How does the Bloemfontein property market compare to ther regions in the South Africa?
As of 2023, the average property price in Bloemfontein is ZAR895,000.00. This is significantly lower compared to Johannesburg's average of ZAR1,200,000.00 and Cape Town's ZAR3,000,000.00. This makes Bloemfontein a more affordable option for property buyers, offering lower entry points into the market than these major urban centers.
Sources:
- property24.com/for-sale/bloemfontein/free-state/432
- property24.com/for-sale/johannesburg/gauteng/18
- property24.com/for-sale/cape-town/western-cape/432
How competitive is the Bloemfontein property market?
The property market in Bloemfontein is competitive, with prices indicating a steady demand. As of 2023, an average house in this city is priced at around RR 1 300 000 ZAR, reflecting a diverse range from affordable family homes to more upscale residences. Significant developments and listings on various platforms, excluding Property24, signal a vibrant market. Data sourced from various real estate platforms suggest a balanced dynamic between buyers and sellers in this Free State capital.
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