CAPE TOWN IS AFRICA’S MOST EXPENSIVE CITY FOR RESIDENTIAL PROPERTY

The AfrAsia Bank Africa Wealth Report from New World Wealth shows that Cape Town is Africa’s most pricey city for homeowners, Followed by Umhlanga in Durban. Third most pricey city in Africa is Johannesburg Central Sandton, followed by Nairobi, Marrakesh, Tangier, Mombasa, Luanda Cassablanca and Accra.

The other cities that were also mentioned on the list but didn’t feature in the top ten include Lagos, Abidjan, Maputo, Cairo and Kampala.

Properties that are popular with High Net Worth Individuals in Cape Town include luxury apartments, beach front villas and homes in residential estates.

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