SA’s top suburbs: A tale of two property markets
Cape Town may still be flying, but housing markets in the rest of South Africa are floundering, so think carefully about where you buy your next home
14 December 2023 - 05:02
Can you still make money from residential bricks and mortar? A glance at some selling prices in recent times would make you think so.
Earlier this year, a Russian buyer (who seems eager to keep his identity secret) forked out R150m for a Clifton mansion. Down the drag, a Swiss couple splurged R80m on a beachfront residence in Llandudno, and another Russian paid R71m for a home in Fresnaye, while a buyer from the US paid R53m for a house in Clifton...
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