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Free-standing Houses (Cost per square metre) South Africa (RSA) R5,932 KwaZulu Natal (KZN) R8,580 Western Cape (WC) R6,136 Gauteng (GP) R6,102 Northern Cape (NC) R5,693 Eastern Cape (EC) R5,017 Limpopo (LP) R4,732 North West
Quality and design details are two key factors involved in estimating building costs. High-end market quality houses are expensive and always on-demand at costs ranging between R8,000 and R13,000 for every square meter.
Nationally, it would cost you an average of R8 163 per square metre to build flats, according to building plans passed by municipalities in 2015. Flats are followed by office space (R8 092 per square metre), shopping space (R7 364 per square metre), townhouses (R6 802 per square metre), and free-standing houses (R5 932 per square metre).
According to this data, The average building costs in the North West amount to R5 060 per m2 R4 550 less than what it costs per square meter in the costliest province for construction, namely KwaZulu-Natal at R9 610 per m2. The second most affordable province is Limpopo, coming in at R5 270 per m2 followed by Mpumalanga at R5 690 per m2.
BUILDING RATES Rates include the cost of appropriate building services, e.g. air-conditioning, electrical, etc., but exclude costs of site infrastructure development, parking, any future escalation, loss of interest, professional fees and Value Added Tax (VAT).
The report found that the average building cost of new housing completed increased by 4.9% y/y to R7,793 per square meter in the first two months of 2019 from R7,432 per square meter in the same...
FinnBUILDER is uniquely positioned to assist developers to contain building costs and maintain quality standards. Substantial cost savings are achievable. On a 200 m2 house and boundary walls, a developer will save about R 80 000.
Research shows that having the costs of a building project calculated accurately before you build will save you thousands. Why tackle your project alone? Build Aid has helped over 10 000 clients to build within budget, to agreed standards and on-time for over 20 years.
If we examine published average building prices: Houses smaller than 80 m2 is R3898 (ABSA) Houses larger than 80m2 is R6325 (ABSA) R6700 (Turner) Prestige Houses larger than 80m2 is R12000 (Turner)
To provide clients with guidance on building costs, the RIAI (The Royal Institute of the Architects of Ireland) has compiled the Building/Construction Cost Guidelines 2019. The information contained in this document is for guidance only using average costs for the building types as set out, current at April 2019.