The Limpopo province’s property market is the fastest growing in the country, followed by the Western Cape and Gauteng.

According to Statistics South Africa, the value of residential properties in South Africa’s fourth largest province in terms of land area, rose by over 12% in May 2025.

This has been attributed to the province’s strong economic growth over the last months. Statistics South Africa says Limpopo’s economy grew more than the national average in 2024.

The province’s capital, Polokwane, and towns such as Mokopane, Tzaneen and Louis Trichardt, have become property hotspots.

According to the Polokwane Municipality, a house that cost just over half a million rand in 2015 in Polokwane now goes for over 1.5 million rand. This is a significant jump of 150% in value in just a decade.

The Mpumalanga town of Middelburg sits at number two, with property value growth of 87% over the same period. Property owner and estate agent, Oupa Baloyi, owns five properties in Polokwane.

Baloyi says investing in property in Limpopo is currently the best way to create lasting wealth.

The 38-year-old says he previously sold one of his properties and generated a hundred percent profit on its original price. He has urged young people to seize the opportunity as property value escalates.

“As a property owner, I believe I do invest in property, and I am not looking back. You don’t wait to buy a property. Buy a property today and wait for the investment to grow because over time it will accumulate, and you will be shocked. As a property owner, I would consider this is interesting time. If you have a good credit score and the bank is willing to give money, I would say don’t wait, just jump in and buy late on you will thank yourself and live a good legacy of wealth for your children,” says Oupa Baloyi.

A real estate agent says safety, warm weather, tourism and mining are some of the key factors driving the growth in property value.

“Polokwane is the place of peace, as the Sepedi word says. It is the capital of Limpopo, which is one of the safest places in South Africa. It is those small things that add up. Polokwane is also the gateway to the rest of Africa. Not much happens up north without coming through Polokwane. There is also mining and agriculture and going to Kruger National Park, you pass through here,” says Sannelie Oosthuizen.

The Polokwane Municipality has attributed the booming property market to the city’s infrastructure development projects.

“We are happy that our investment in infrastructure, building better roads and generally our economic strategy of availing land for infrastructural development. Over the past 10 or so years, the value of property has grown by more than 150 percent. This is an indication of a growing local economy. We have identified catalytic projects where we have availed land for the academic hospital, private hospital, a shopping complex, and a number of constructions happening around the city,” says John Mpe.

Meanwhile, property value in Tzaneen has risen by 60% in the last 10 years.

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