From the steadfast performance of Bryanston to the emerging appeal of Sibaya Coastal Precinct, the current top five suburbs in South Africa highlight the diverse property landscape and its buyers.
Despite the lackluster performance of Gauteng’s market with property growth inflation currently under 1%, Bryanston heads South Africa’s Top 5 suburbs list in both sales and total purchase price.
Gautengers and international buyers spent more on luxury homes in Cape Town this year
14 Dec 2023
The luxury property market above R20 million enjoyed another good year, although mostly in Cape Town with Gauteng buyers spending more on super luxury property this year, according to the Seeff Property Group.
Activity within the South African property market has begun to cool down, largely owing to higher interest rates and an unstable electricity supply. However, some parts of the country seem less affected than others by the tightening market conditions.