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Here are the 10 most expensive suburbs and streets in SA


Oh, how the other half live. New data released by the New World Wealth survey has listed 10 of the most expensive suburbs and streets in the country, including five exclusive areas in Cape Town alone.

Where are the highest-priced properties in South Africa?

Beachfront properties in the Mother City remain the Holy Grail of South African real estate. With properties valued at around R80 000 per square-metre in some parts of Cape Town, the market is reserved only for the richest of the rich. However, regions in other parts of the country are emerging as attractive destinations.

Umhlanga in Durban has two separate entries on the list, whereas two secluded towns in the Western Cape also find themselves named in this celebration of opulence. However, it’s not all smooth sailing in the property game.

“There has been a dip in the top-end market. In particular, free-standing houses valued at over R10 million have become very difficult to sell. Increased utility bills, high transfer fees, and significant crime rates are all deterrents.”

“However, luxury apartments have been the best performing residential segment in South Africa over the past decade, as many buyers have moved away from purchasing houses. Apartments in Umhlanga, Hermanus and Plettenberg Bay have performed especially well.”

New World Wealth

  • With that in mind, let’s take a look at the most expensive regions of South Africa in 2022…

Living a life of luxury: SA’s most expensive streets and suburbs revealed

– CAPE TOWN –

Clifton

  • Rank within Cape Town: #1
  • Rand per square-metre: 80 000
  • US Dollar per square-metre: 5 000
Cape Town Johannesburg multi-millionaires properties Clifton
One of the coolest houses you can buy in Clifton – Photo: Flickr

Bantry Bay

  • Rank within Cape Town: #2
  • Rand per square-metre: 75 000
  • US Dollar per square-metre: 4 700
Cape Town best cities in the world
Aerial view of Bantry Bay – Photo: Adobe

Fresnaye

  • Rank within Cape Town: #3
  • Rand per square-metre: 58 000
  • US Dollar per square-metre: 3 600
Fresnaye is just up the road from Bantry Bay, on Signal Hill – Image via Flickr

Camps Bay / Bakoven

  • Rank within Cape Town: #4
  • Rand per square-metre: 52 000
  • US Dollar per square-metre: 3 300
The tourist hot-spot is vibey all-year-round – Image via Adobe

Llandudno

  • Rank within Cape Town: #5
  • Rand per square-metre: 50 000
  • US Dollar per square-metre: 3 100
Luxury homes on the mountainside boast some of the best views in SA – Photo: File

– THE REST OF SA –

Lagoon Drive, Umhlanga

  • Rank outside of Cape Town: #1
  • Rand per square-metre: 36 000
  • US Dollar per square-metre: 2 300
Where’s our invite? Photo: Twitter

Eastcliff, Hermanus

  • Rank outside of Cape Town: #2
  • Rand per square-metre: 35 000
  • US Dollar per square-metre: 2 200
Most expensive
Even from a distance, Eastcliff is stunning – Photo: Flickr

Beachyhead Drive, Plettenberg Bay

  • Rank outside of Cape Town: #3
  • Rand per square-metre: 34 000
  • US Dollar per square-metre: 2 100
Most expensive
Modern designs and new spaces are all the rage here – Photo: Flickr

Central Sandton, Johannesburg

  • Rank outside of Cape Town: #4
  • Rand per square-metre: 32 000
  • US Dollar per square-metre: 2 000
Most expensive
Sandton is a city that very rarely sleeps – Photo: Flickr

Marine Drive, Umhlanga

  • Rank outside of Cape Town: #5
  • Rand per square-metre: 30 000
  • US Dollar per square-metre: 1 900
Umhlanga fancies itself as an ‘East Coast Clifton – Photo: Google Maps



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