From the Western Cape to KwaZulu-Natal and Gauteng, Lightstone property data has revealed the suburbs where expensive properties were sold in South Africa - ranging from R20 million to R50 million. In the Western Cape, three Cape Town suburbs recorded sales of R50 million including Bishopscourt, Clifton and Bantry Bay.The Western Cape was also the province that accounted for the top 27 suburbs, with...
The huge influx of South Africans moving to Cape Town from Johannesburg has subsided and in fact, 2024 saw over R1 billion worth of office space sold in the city of gold. Rory O’Hagan, a principal of Chas Everitt Hyde Park and Sandton said that “2024 was certainly a delicious year for our Johannesburg offices” and noted that the total value of sales for the year was over R1,24 billion. He...
The remote and hybrid working shift across the world has changed how people and where people live and has sparked a suburban renaissance, as workers search for homes that offer more space, affordability as well as a better quality of life.That's according to Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty."Suburbs and smaller towns, once overlooked by those tethered to urban offices, are...
From record-breaking luxury sales to a surging rental market, Cape Town’s property sector in 2024 showed extraordinary resilience in a year defined by economic recovery and shifting buyer priorities. As smart technology, eco-consciousness, and semigration trends continue to shape the landscape, 2025 promises even greater opportunities for buyers and investors. 2024 in Review: A Market on the Move The...
South Africans moving to the Western Cape have led to a huge boost to the property market, with the Blouberg area reaching new highs.The Blouberg and Milnerton property market has benefited tremendously from the semigration boom, JP Ricketts a sales manager Seeff Blouberg noted.He said that the market has seen property transactions worth R8.2 billion area over the last twelve months.Ricketts said that...
The Free State has the lowest average rent for full title property and sectional property for Q2 2024, according to the TPN Residential Rental Monitor report which revealed the cost to rent in the nine provinces of South Africa. In the Free State the average for a sectional property or full title property is R6,417 and R6,557, respectively. The Western Cape is the province that has the highest average rent...
It’s no secret that Cape Town has become the preferred destination for upcountry and foreign buyers with sales and property values having surged since 2020, but the niche market that’s capturing the most buyer attention is the secure lifestyle estate sector, especially in the Constantiaberg area where record median prices are being seen. “In 2020 our office saw a 40% year-on-year increase in sales,...
Only Realty’s development specialist division, Forge Homes, has officially launched The Woodstock, a new mixed-use property development in Woodstock, Cape Town. Two units have already been reserved and further sales are subject to a waiting list. The Woodstock will offer one and two-bedroom apartments, with prices starting from R 1 616 900. The development will integrate the attractive landmark art...
The Cape West Coast stretches across 10 towns, from Yzerfontein in the south to Velddrif in the north, and inland as far as Darling and Hopefield. Dwarskersbos (part of Velddrif) in the north is just 128 km from Melkbosstrand in Cape Town. Yzerfontein is only 96 km or about an hour’s drive from the V & A Waterfront in Cape Town. This region's proximity to Cape Town, combined with the allure of a...
Demand for luxury homes shifting towards Durban’s Upper Highway area, just west of the metro, for its upmarket homes and respite from city living, yet with all the metro benefits on the doorstep, says Gregg Wilson, licensee for Seeff Upper Highway. The property market is strong here with high demand for sales and rentals. He says despite the upmarket status, the Upper Highway area offers better value...
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