South Africa's Most Expensive Residential
Properties
Author: Francois L. Botha
South Africa has seen phenomenal growth in property prices with
a property boom that sky-rocketed out of control over the past 5
years. Now that the dust has settled and prices have stabilized,
many of us are curious as to where the rich and famous have
bought and are still looking to buy. Which are the elite
suburbs in SA where millionaires are neighbours to tycoons and
you can bump into celebrities at the local deli or wine bar?
While Johannesburg, the City of Gold or Egoli as it is known,
has always attracted those wishing to earn the highest
salaries, Cape Town has long been the city which boasts the
most exclusive properties with the highest price tags.
The natural beauty of mountains and coast has been a major
draw-card, attracting celebrities from all over the world
especially when the exchange rate has made even the most
expensive real estate here more affordable.
The Atlantic Seaboard, from Green Point to Camp's Bay, is the
trendiest of Cape Town's seaside real estate. Along this
stretch, Clifton and neighbouring Bantry Bay are Cape Town's
most expensive suburbs. Llandudno and Hout Bay, further along
the coast towards Chapman's Peak are also extremely luxurious
and expensive.
Close to the city centre, the world famous Victoria & Alfred
Waterfront is South Africa's most expensive residential resort
situated at one of the most popular tourist attractions in the
land. Over 80 immaculate properties can be found here, valued
between R2, 5 million and R11 million.
Other luxury suburbs where property carries a hefty price-tag
include Constantia, with its rural charm and Bishop's Court, a
traditionally upmarket area under Table Mountain. Further south
towards Cape Point you can find properties fetching well over R3
million, from Noordhoek to Simon's Town. The once sleepy
backwater of Kommetjie, traditionally a fishing village along a
wild stretch of coast, was a surprise new-comer to the 'most
expensive properties in the Cape' roll-call.
The Northern suburbs have been seen as less expensive but they
are rapidly catching up, for example the area known as
Tygerberg Hills, where exclusive properties fetch as much as R6
million.
Moving to the North of South Africa to the second-most
expensive city for property, Jo'burg now boasts 10 suburbs
where the average house sells for more than R4 million.
Sandhurst has the top spot on the list, followed by
Chiselhurston, Dunkeld West, Bryanston and Sandown. Hyde Park,
Westcliff, Wierda Valley and Illovo complete the
multimillion-rand neighbourhood round-up.
Randjespark Extension in Midrand is the only area outside of
Joburg's northern suburbs to feature.
A report by a leading real estate agency found that these 10
suburbs recorded sales of over R4 million per house in a recent
12-month period, with average prices in Sandhurst fetching an
impressive R10 million.
In Kwa-Zulu Natal, the seaside city of Durban with its golden
sands and warm inviting waves is another popular coastal city.
Generally far more affordable than Cape Town, it has its own
elite and expensive suburbs. Ballito Bay and Gillits are just
two examples.
Inland in KZN, Ferncliffe in Pietermaritzburg is a relatively
new suburb which offers exclusive executive properties – some
of the city's finest and most expensive real estate.
Looking at some of the other regions in SA we find that Walmer
in the Eastern Cape city of Port Elizabeth has the highest
average price for that region, while in the inland city of
Bloemfontein the suburb of Dan Pienaar has properties asking
top dollar for that area.
About The Author: Francois Botha offers expert advice and great
tips regarding all aspects concerning
http://www.bloombergaccommodation.co.za/ and vacation. Get the
information you are seeking now before visiting
http://www.bookcapetown.com.
a property boom that sky-rocketed out of control over the past 5
years. Now that the dust has settled and prices have stabilized,
many of us are curious as to where the rich and famous have
bought and are still looking to buy. Which are the elite
suburbs in SA where millionaires are neighbours to tycoons and
you can bump into celebrities at the local deli or wine bar?
While Johannesburg, the City of Gold or Egoli as it is known,
has always attracted those wishing to earn the highest
salaries, Cape Town has long been the city which boasts the
most exclusive properties with the highest price tags.
The natural beauty of mountains and coast has been a major
draw-card, attracting celebrities from all over the world
especially when the exchange rate has made even the most
expensive real estate here more affordable.
The Atlantic Seaboard, from Green Point to Camp's Bay, is the
trendiest of Cape Town's seaside real estate. Along this
stretch, Clifton and neighbouring Bantry Bay are Cape Town's
most expensive suburbs. Llandudno and Hout Bay, further along
the coast towards Chapman's Peak are also extremely luxurious
and expensive.
Close to the city centre, the world famous Victoria & Alfred
Waterfront is South Africa's most expensive residential resort
situated at one of the most popular tourist attractions in the
land. Over 80 immaculate properties can be found here, valued
between R2, 5 million and R11 million.
Other luxury suburbs where property carries a hefty price-tag
include Constantia, with its rural charm and Bishop's Court, a
traditionally upmarket area under Table Mountain. Further south
towards Cape Point you can find properties fetching well over R3
million, from Noordhoek to Simon's Town. The once sleepy
backwater of Kommetjie, traditionally a fishing village along a
wild stretch of coast, was a surprise new-comer to the 'most
expensive properties in the Cape' roll-call.
The Northern suburbs have been seen as less expensive but they
are rapidly catching up, for example the area known as
Tygerberg Hills, where exclusive properties fetch as much as R6
million.
Moving to the North of South Africa to the second-most
expensive city for property, Jo'burg now boasts 10 suburbs
where the average house sells for more than R4 million.
Sandhurst has the top spot on the list, followed by
Chiselhurston, Dunkeld West, Bryanston and Sandown. Hyde Park,
Westcliff, Wierda Valley and Illovo complete the
multimillion-rand neighbourhood round-up.
Randjespark Extension in Midrand is the only area outside of
Joburg's northern suburbs to feature.
A report by a leading real estate agency found that these 10
suburbs recorded sales of over R4 million per house in a recent
12-month period, with average prices in Sandhurst fetching an
impressive R10 million.
In Kwa-Zulu Natal, the seaside city of Durban with its golden
sands and warm inviting waves is another popular coastal city.
Generally far more affordable than Cape Town, it has its own
elite and expensive suburbs. Ballito Bay and Gillits are just
two examples.
Inland in KZN, Ferncliffe in Pietermaritzburg is a relatively
new suburb which offers exclusive executive properties – some
of the city's finest and most expensive real estate.
Looking at some of the other regions in SA we find that Walmer
in the Eastern Cape city of Port Elizabeth has the highest
average price for that region, while in the inland city of
Bloemfontein the suburb of Dan Pienaar has properties asking
top dollar for that area.
About The Author: Francois Botha offers expert advice and great
tips regarding all aspects concerning
http://www.bloombergaccommodation.co.za/ and vacation. Get the
information you are seeking now before visiting
http://www.bookcapetown.com.
