Determining building costs is challenging due to factors like inflation and price increases. With numerous variables affecting the final price, it’s as complex as asking how much a car costs.
According to AECOM’s Africa Property Construction Cost Guide, residential building costs in South Africa in 2024 generally range from R7000 to R23 000 per square meter. This range can vary based on factors like location, design complexity, materials, and quality of finishes. For a typical rural home, a more realistic average is around R3,800 – R 6,500 per square meter.
Factors affecting overall cost: