Expensive to rent, but cheap to buy a home in the Northern Cape, South Africa

The sparsely populated province only has about 1.4 million residents with Kimberley as the main city and mostly smaller towns serving mining or farm areas along with some coastal villages. The average transaction price rose from R676,000 in 2019 to R875,000 currently. This represents total growth of 29.4% over the last five years, averaging at…...