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Posh and Lavish

Seven of the eight most expensive South African suburbs are in Cape Town

Well colour us surprised. Not.
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most expensive suburbs in south africa
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Water crisis? What water crisis. Despite the very real possibility that the city could run out of water by March next year, folks are willing to splash out millions per square meter for prime real estate in Cape Town.
Who are these people who can afford R80 000 per square m for a spot in Clifton?
The data comes from research group New World Wealth. They have published a list of the most exclusive suburbs in the country as at the end of September 2017.
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To determine what makes a suburb “exclusive”, New World Wealth identified two major metrics: price per square meter, and the number of R20 million homes in area.
NWW admits that the price per square meter has some limitations. “This is due to the garden element (i.e. how do you value the garden?). The truth is price per square meter stats only work really well on apartments and some areas don’t have many apartments which makes this tricky,” it said.
Nonetheless, they crunched some numbers and came up with a list – and it’s pretty damn depressing for us ordinary folk.

Here’s a list of South Africa’s most expensive suburbs

South AfricaZAR per sqmUSD per sqm200sqm Apartment cost
Clifton80000$6 15416000000
Bantry Bay75000$5 76915000000
Fresnaye60000$4 61512000000
Camps Bay and Bakoven56000$4 30811200000
Llandudno54000$4 15410800000
Greenpoint, Granger Bay and Mouille Point47000$3 6159400000
City Bowl45000$3 4629000000
Central Sandton36000$2 7697200000




The areas on that list are hardly a surprise, but the prices perhaps are, a little.
Anyway, soon it won’t matter because we’re probably gonna run out of water and nothing is a greater leveller than running out of a resource needed for existence.

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