Exclusivity, location and lifestyle make these 10 areas the most expensive in South Africa per square metre.
10. Ballito- R14,748m²
Ballito, on KZN’s North Coast has shown tremendous growth in the past decade. New upmarket lifestyle estates have sprung up in the area, adding to the houses and flats in the main residential and beachfront areas. The area has experienced a population boom as more South Africans choose to make the coastal town their home and commute to work, often in Gauteng.
9. Peninsula (False Bay) -R15,200m²
Areas like Noorhoek, Kalk Bay and Simons Town on the Southern Peninsula boasts beautiful property, from family homes to seaside apartments. It’s close proximity to Cape Town’s CBD, coastal lifestyle and plentiful amenities make it an attractive proposition for buyers.
8. Umdloti to Westbrook -R16,742m²
The little village of Umdloti and the area around it is loved by its residents with around a third of them choosing to remain in the area for upward of 10 years. This scenic coastal area offers commuters a fantastic work/life balance, with Umhlanga and Durban minutes away. The area is home to many luxurious ocean facing property and scarcity of stock ensures that prices remain high.
7. Sandton and Bryanston North -R16,923m²
Sandton remains the premier area for property in Gauteng. This sophisticated area offers world class restaurants and drinks venues, entertainment, high end shopping and also a surprising amount on green space. With major companies headquartered in the area it is a magnet for young professionals and captains of industry that want to avoid a tiring commute into work.
6. Stellenbosch -R19,111m²
The booming property market in this area is driven by demand from local and international buyers. It’s beautiful tree-lined trees, magnificent setting in the heart of the Cape Winelands and world famous university all make this an attractive proposition for buyers. Many of the buyers are drawn to the upmarket estates like De Zalze Golf Estate, where prices start at around R10 million.
5. Milnerton -R19,417m²
Centrally located Milnerton is close to glorious beaches, has convenient transport links, natural beauty and plenty to do. The area enjoys a good selection of property; from older freestanding homes to modern apartments and duplexes.
4. Umhlanga -R20,673m²
The most expensive area in Kwazulu Natal is Umhlanga, north of Durban. Umhlanga is perhaps the ultimate live, work and play area. With the beach, shopping malls, a vibrant nightlife and career opportunities at one of the many companies that have relocated here – it continues to attract the young and ambitious, families and the super wealthy.
3. Southern Suburbs -R22,303m²
Perennial family favourite, the South Suburbs in Cape Town comes in at number three. Roomy homes on large plots and a village-like atmosphere make this THE area for many to bring up their children.
2. City Bowl - R31,588m²
The second most expensive area is the equally in-demand Cape Town City Bowl. With its incredible views, restaurants, markets and buzzing nightlife, demand in the area is driven by those seeking a live, work, play lifestyle.
1. Atlantic Seaboard - R43,750m²
Unsurprisingly, it is Cape Town’s Atlantic Seaboard that is the most expensive area with asking prices coming in at a whopping R43, 750 per square metre. This area continues to be a favourite for wealthy foreigners, Gauteng businesspeople and Capetonians looking to enjoy an exclusive, coastal lifestyle.
Watch the video to see why the Atlantic Seaboard is SA's most expensive area
Stats are compiled using median asking prices of residential properties added to Private Property’s web site in each quarter.