Luxury Suburbs ranked by Luxury Price for Q1:2025 versus 2020

Clifton – R42.00m vs R37m

Bishopscourt – R24.65m vs R15.84m

Camps Bay – R24.14m vs R13.18m

Llandudno – R23m vs R20.06m

Waterfront – R21.61m vs R11.2m

Bantry Bay – R21.58m vs R20.45m

Higgovale – R21.51m vs R22.51m (massive R85m sale)

Constantia – R21.07m vs R12.565m

Fresnaye – R17.4m vs R15.07m

Oranjezicht – R16.56m vs R9.97m

Source: Propstats/Seeff – Ave Price 2025 vs 2020

Francois Venter, lead agent for Seeff in the southern suburbs says here too, agents are seeing a mix of new and old listings selling with his team scooping 6 recent high value sales. These include a vacant plot in Bishopscourt sold for R20.25 million (local buyer), along with homes sold in Constantia for R42 million (Polish buyer), R24.7 million (German buyer), and three sales to local buyers at R36 million, R31 million and R20.5 million respectively.

“We’re seeing tremendous confidence in the property market right now,” says Venter. “Cape Town is also the only city in the country which frequently ranks in top global cities indices for visitors and property value growth.”

Meanwhile BetterBond reported a 15.23% increase in bond approvals for homes priced over R3 million year-on-year, now making up 10% of all bonds.

Bendall meanwhile said what is driving the spike ranged from from foreign investment and returning expats to lifestyle-driven relocations. Cape Town leads the pack, with prices climbing 5.1% in 2024 according to the Knight Frank Wealth Report, but demand is also rising in Gauteng estates and KZN coastal areas.

Independent Media Property

atlanticseaboard

Cape Town's luxury trophy homes are selling like hot cakes, with one suburb's prices soaring