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Johannesburg is still one of the cheapest places in the world to build, new data shows.
South Africa's embattled construction sector is struggling to recover from the pandemic-induced lull, with rising inflation adding more pressure.
Despite this, Johannesburg still ranks as one of the cheapest cities in the world to build in, according to Turner & Townsend's International Construction Market Survey for 2022. Building in Cape Town, where the average square-metre costs around R20,851, is more expensive than building in Johannesburg, where the average square-metre costs around R19,082.
See omnystudio.com/listener for privacy information.
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Johannesburg is still one of the cheapest places in the world to build, new data shows.
South Africa's embattled construction sector is struggling to recover from the pandemic-induced lull, with rising inflation adding more pressure.
Despite this, Johannesburg still ranks as one of the cheapest cities in the world to build in, according to Turner & Townsend's International Construction Market Survey for 2022. Building in Cape Town, where the average square-metre costs around R20,851, is more expensive than building in Johannesburg, where the average square-metre costs around R19,082.
See omnystudio.com/listener for privacy information.
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