South Africa's Most Expensive Residential Properties

South Africa has seen phenomenal growth inbackwater of Kommetjie, traditionally a fishing village
property prices with a property boom thatalong a wild stretch of coast, was a surprise
sky-rocketed out of control over the past 5 years.new-comer to the 'most expensive properties in the
Now that the dust has settled and prices haveCape' roll-call.
stabilized, many of us are curious as to where theThe Northern suburbs have been seen as less
rich and famous have bought and are still looking toexpensive but they are rapidly catching up, for
buy. Which are the elite suburbs in SA whereexample the area known as Tygerberg Hills, where
millionaires are neighbours to tycoons and you canexclusive properties fetch as much as R6 million.
bump into celebrities at the local deli or wine bar?Moving to the North of South Africa to the
While Johannesburg, the City of Gold or Egoli as it issecond-most expensive city for property, Jo'burg
known, has always attracted those wishing to earnnow boasts 10 suburbs where the average house
the highest salaries, Cape Town has long been thesells for more than R4 million.
city which boasts the most exclusive properties withSandhurst has the top spot on the list, followed by
the highest price tags.Chiselhurston, Dunkeld West, Bryanston and
The natural beauty of mountains and coast has beenSandown. Hyde Park, Westcliff, Wierda Valley and
a major draw-card, attracting celebrities from all overIllovo complete the multimillion-rand neighbourhood
the world especially when the exchange rate hasround-up.
made even the most expensive real estate hereRandjespark Extension in Midrand is the only area
more affordable.outside of Joburg's northern suburbs to feature.
The Atlantic Seaboard, from Green Point to Camp'sA report by a leading real estate agency found that
Bay, is the trendiest of Cape Town's seaside realthese 10 suburbs recorded sales of over R4 million
estate. Along this stretch, Clifton and neighbouringper house in a recent 12-month period, with average
Bantry Bay are Cape Town's most expensiveprices in Sandhurst fetching an impressive R10 million.
suburbs. Llandudno and Hout Bay, further along theIn Kwa-Zulu Natal, the seaside city of Durban with its
coast towards Chapman's Peak are also extremelygolden sands and warm inviting waves is another
luxurious and expensive.popular coastal city. Generally far more affordable
Close to the city centre, the world famous Victoria &than Cape Town, it has its own elite and expensive
Alfred Waterfront is South Africa's most expensivesuburbs. Ballito Bay and Gillits are just two examples.
residential resort situated at one of the most popularInland in KZN, Ferncliffe in Pietermaritzburg is a
tourist attractions in the land. Over 80 immaculaterelatively new suburb which offers exclusive
properties can be found here, valued between R2, 5executive properties - some of the city's finest and
million and R11 million.most expensive real estate.
Other luxury suburbs where property carries a heftyLooking at some of the other regions in SA we find
price-tag include Constantia, with its rural charm andthat Walmer in the Eastern Cape city of Port
Bishop's Court, a traditionally upmarket area underElizabeth has the highest average price for that
Table Mountain. Further south towards Cape Pointregion, while in the inland city of Bloemfontein the
you can find properties fetching well over R3 million,suburb of Dan Pienaar has properties asking top dollar
from Noordhoek to Simon's Town. The once sleepyfor that area.