The top 5 suburbs rich South Africans want to live in
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GUEST - Hayley Ivins-Downes, Head of Digital at Lightstone Property
Lightstone’s latest property newsletter revealed South Africa’s top five suburbs for homes priced over R1 million, ranked based on sales numbers and total purchase price for 2023.
According to Lightstone’s latest data, the real estate market in South Africa witnessed some notable changes in the ranking of the top-selling suburbs.
According to the data, Bryanston in Gauteng emerged as the most popular suburb in terms of both volume and total purchase price for both years.
Meanwhile, Sea Point in the Western Cape secured the second spot in 2023, moving up from the third in 2022.
Midstream Estate in Gauteng ranked second in 2022 but slid down to the third spot in 2023.
Additionally, Val de Vie and Fresnaye, which were placed fourth and fifth in the Western Cape in 2022, lost their positions in the top five in 2023.
Instead, Sibaya Coastal Precinct in KwaZulu-Natal took the fourth spot, followed by Sunningdale in the Western Cape, which ranked fifth in 2023.
Lightstone’s latest property newsletter revealed South Africa’s top five suburbs for homes priced over R1 million, ranked based on sales numbers and total purchase price for 2023.
According to Lightstone’s latest data, the real estate market in South Africa witnessed some notable changes in the ranking of the top-selling suburbs.
According to the data, Bryanston in Gauteng emerged as the most popular suburb in terms of both volume and total purchase price for both years.
Meanwhile, Sea Point in the Western Cape secured the second spot in 2023, moving up from the third in 2022.
Midstream Estate in Gauteng ranked second in 2022 but slid down to the third spot in 2023.
Additionally, Val de Vie and Fresnaye, which were placed fourth and fifth in the Western Cape in 2022, lost their positions in the top five in 2023.
Instead, Sibaya Coastal Precinct in KwaZulu-Natal took the fourth spot, followed by Sunningdale in the Western Cape, which ranked fifth in 2023.