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Home prices reach whopping average of P1m

Friday, October 03, 2025 | 430 Views |

Rising higher: Residential property prices are climbing in Gaborone FILE PIC

The average cost of a family home in Botswana soared to P1 million in the last quarter of 2024, signalling a strong bullish trend in the residential property market.

Rental prices followed suit, climbing to an average of P5,000, enriching investors but pushing home ownership further out of reach for the average Motswana.

Property prices have been rising across all segments particularly the residential market in Gaborone, with market watchers warning of concentration in the urban area. The latest report by property group, Ribbery, quoted in the central bank’s latest monetary policy report, shows that property prices rose a notch higher with residential homes costing close to a whopping P1 million on average.

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Home prices reach whopping average of P1m

The average cost of a family home in Botswana soared to P1 million in the last quarter of 2024, signalling a strong bullish trend in the residential property market.