Five suburbs in Cape Town with an average price of +R20 million
The five top suburbs in South Africa that boast an average house price upwards of R20 million are all in Cape Town which makes up 9 of the top 10 suburbs by price value for 2025 according to Seeff Property Group.
Only Sandhurst in Sandton features in the top 10, now ranked 7th (from 4th in 2024) with an unchanged average price of R16.5 million over two years.
A record 146 properties have sold for over R20 million with 15 of these for over R50 million and 4 priced at over R100 million (two each in Clifton and Constantia).
Prices in Johannesburg / Sandton have largely stagnated with only a few sales over R20 million with high-end suburbs such as Dunkeld, Westcliff, Hyde Park, Illovo, Inanda, and Bryanston now averaging around R5 million to R10 million.
In contrast, Cape Town’s high-net worth suburbs have surged further in value with the top five suburbs including Clifton (R25 million), Bantry Bay (R23 million), Llandudno (R21.5 million), Constantia Upper (R21.4 million) and Bishopscourt (R20.9 million).
The top ten list includes six Atlantic Seaboard suburbs plus Higgovale in the City Bowl, and Constantia Upper and Bishopscourt in the Southern Suburbs. Notably, a further 27 Cape Town suburbs boast an average price which falls in the R5 million to R10 million range.
Ross Levin, licensee for Seeff Atlantic Seaboard says that adjacent suburbs have also seen notable price hikes such as Sea Point (R6 million), Green Point (R7.8 million) and Three Anchor Bay (R6.2 million). In the City Bowl, these include Oranjezicht (R10.4 million), Tamboerskloof (R8.75 million), Devil’s Peak Estate (R7 million), Gardens (R6.35 million) and Vredehoek (R5.6 million).
The Southern Suburbs has experienced two tremendous years with high volumes of R20 million plus sales in Constantia and Bishopscourt as well as a few high value sales in Claremont Upper, Newlands and Rondebosch.
Francois Venter, lead agent for Seeff Constantia, says prices are up by 16% in Constantia Upper, and 10% in Bishopscourt, well above inflation. Meanwhile stock levels have dropped by a massive 45%.
