Welcome to Johannesburg, a South African liveliest city that is also known as Joburg or Jozi. This city was founded more than 120 years ago when gold was discovered by George Harrison, an Australian prospector who came to South Africa in search of mineral wealth. Prior to a commencement of gold mining in Jozi, Johannesburg or rather Witwatersrand as it was known at the time because of the white water springs that were flowing in the area, this now overly populated city of close to 4 million inhabitants was a mere hilly plain that was covered by grass, trees and streams.
Johannesburg is currently a largest Metropolis in South Africa; not in terms of area coverage but by population. It is the economic powerhouse of South Africa if not the entire African continent. It might not be the capital city of the country but Johannesburg is undeniably South Africa's financial capital city with almost 40% of the world's entire gold coming from here. Johannesburg is probably one of the world's fastest growing cities with its suburbs stretching out even further every year, so much so that the inner city alone has about 3.8million inhabitants. It is the provincial capital of Gauteng - which means "the place of gold" and a city of hope for numbers of people whom has descended from many parts of the world to realise their dreams. This makes Johannesburg an ideal residential area for career-driven and business-orientated prospective homebuyers.
Johannesburg has 426 active suburbs.
Between 2016-01-01 to 2016-12-31:
Compared to the previous year(2015-01-01 to 2015-12-31):
Full Title and Sectional Title sales in Johannesburg had a combined value of R 21,877,638,503 with a median price of R 850,000 compared to R 22,864,611,873 with the median price of R750,000 for the prior period.
Full Title sales in Johannesburg had a total value of R 16,622,190,582 with a median price of R 1,100,000 compared to R 17,593,854,036 with the median price of R1,000,000 for the prior period.
Sectional Title sales in Johannesburg had a total value of R 5,255,447,921 with the median price of R 650,000 compared to R 5,270,757,837 with the median price of R590,000 for the prior period.
For more information regarding property valuations and suburb trends for Johannesburg visit www.SAPTG.co.za
This South Africa's city of skyscrapers is also known for its fast-paced lifestyle. Although the majority of Johannesburg's residents are mostly career-driven, it is a fact well known that Jozi and fun are synonymous, a perfect place for one to balance work and play.
Amongst a plethora of places to pop in for fun in Johannesburg is Gold Reef City, a world-class theme park which was created around an authentic 19th Century Gold Mine. This amusement park doesn’t only offer the visitors a variety of fun-rides but a pool of South African history as well. It is the home of Apartheid museum, which makes Gold Reef City a number one tourists’ destination in Johannesburg. Johannesburg is also the home of South African Broadcasting Commission (SABC) Head Quaters, which is situated in Auckland Park, one of Joburg's earliest suburbs.
So, if planning to buy or rent a Full or Sectional title property in Johannesburg, rest assured that other than easy access into the city's economical hubs such as Sandton and other industrial areas, the options for entertainment, art and education are limitless as well. A family with children can choose to either go to Johannesburg Zoo or Sci Bono for edu-tainment and art lovers can either visit the recently refurbished Johannesburg Art Gallery always referred to as JAG or Market Theatre in Newtown or Arts on Main, the new art district in down town Johannesburg for the finest restaurants and art exhibitions.