Cape Town - Among the so-called Big 4 provinces, Gauteng has the most affordable housing market, according to John Loos, household and property sector strategist at FNB.
This is despite Gauteng having the second highest average house price of the major regions - namely Gauteng, Western Cape, KwaZulu-Natal and the Eastern Cape.
"I still think Gauteng is the most affordable for its residents. Gauteng has managed to keep itself affordable and that is very important as it is a crucial aspect in attracting young skills. That is Gauteng's competitive advantage at the moment. Cape Town could possibly be running into problems in that regard," Loos told Fin24.