Gauteng Real Estate Overview
The diminutive province of Gauteng packs a lot of punch and is essentially the powerhouse of South Africa, producing fully 33% of the GDP. Approximately
9,5m people reside in the province and the main languages are English, Afrikaans, Zulu and Sesotho.
Over 40% of the world’s gold reserves are located along the Witwatersrand within the province and millions have flocked to the streets of Johannesburg – the ‘City of Gold’ - since the precious metal was discovered here in 1886.
While still a key element of the province’s income, gold is however no longer the fulcrum on which the local economy is hinged. Gauteng has long since diversified and is now also the hub of the country’s financial, business and industrial sectors.
The landscape - once typified by mine dumps and derelict headgear – has given way to soaring skyscrapers, while residential property development has continued apace over the years and shows no sign of slowing. Despite this, though, Gauteng is a “garden province” that takes pride in its many mature trees and its well-preserved park and wetland areas.
Johannesburg is the province’s main city and the core of a metro that also includes Sandton
and Soweto. To the north lies the second city, Pretoria
, which is the country’s capital and the heart of the Tshwane metro, which also includes Centurion
, Akasia, Mamelodi and Soshanguve. Then to the east lies the Ekhuruleni metro, which is centred on Germiston
and also includes the East Rand towns of Boksburg
Naturally, there is a vast range of property types and prices in Gauteng, with Johannesburg
housing some of the country’s most expensive homes in suburbs such as Sandhurst
, Hyde Park
The Vaal Triangle formed by Sasolburg
, can be found in the southernmost region of Gauteng.
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