PrøvGOLD- Free

Cape Home Prices Soar
The Citizen|March 17, 2025
DRAWBACK: ROCKETING PROPERTY MARKET MEANS SKY-HIGH RATES
Cape Home Prices Soar

Over the last 15 years, the only metro that has shown real house price appreciation (when removing the impact of inflation) is the City of Cape Town.

According to an analysis by Codera Analytics, residential property in the city is up 19%. (In Joburg, by contrast, prices are down 21% in real terms since 2010.) When factoring in the impact of inflation, house prices have practically doubled since Cape Town hosted the FIFA World Cup.

The lived experience of Cape Town homeowners is, however, starkly different.

There is near-insatiable demand for residential property, with stories about double- and triple-booked viewings resulting in immediate offers and bidding wars becoming common, especially in sought-after areas.

Because of the run-up in house prices, the rental market is even worse.

A previous analysis by Moneyweb of rates and municipal charges across major metros in 2022 showed that Cape Town has the lowest rates per R1 million valuation. However, this was only half the equation, as the value of properties in the Cape is structurally higher than in Joburg.

Denne historien er fra March 17, 2025-utgaven av The Citizen.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra March 17, 2025-utgaven av The Citizen.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE CITIZENSe alt
The Citizen

Aren't grandkids just grand?

Hush, hush. Please don't wake my babies. Don't wake my little boy, age 33, and his wife. They need their sleep because yesterday they came home from hospital with their new baby.

time-read
1 min  |
March 17, 2025
The Citizen

Gautrain: 'Play open cards'

'CORRUPTION THRIVES WITHOUT TRANSPARENCY'

time-read
2 mins  |
March 17, 2025
Dismissed Mkhize fuming
The Citizen

Dismissed Mkhize fuming

Hearing was conducted and its outcome communicated — SABC.

time-read
1 min  |
March 17, 2025
Champions Day opening betting
The Citizen

Champions Day opening betting

OPEN: PRICES INDICATE COMPETITIVE RACING IN THE FOUR GRADE 1 RACES

time-read
3 mins  |
March 17, 2025
The Citizen

SA Becoming Sprinting Hub

South Africa's sprinting revolution over the last decade or so has been absolutely incredible, and with Bayanda Walaza's latest performance, it's clear that the country's fastest athletes are still making progress.

time-read
1 min  |
March 17, 2025
Activist on mission to tame bullies
The Citizen

Activist on mission to tame bullies

FEATHER IN CAP: WINS SOCIAL ENTREPRENEURSHIP AWARD FOR ANTI-BULLYING CAMPAIGN

time-read
3 mins  |
March 17, 2025
Nowhere to 'Hyde' at Southwell
The Citizen

Nowhere to 'Hyde' at Southwell

Fergal O'Brien's Jack Hyde can continue in winning form in the Play At The Races Stableduel Novices' Hurdle at Southwell today.

time-read
2 mins  |
March 17, 2025
R9 million paid for Vercingetorix colt
The Citizen

R9 million paid for Vercingetorix colt

Prices soared at Hollywoodbets Kenilworth on Thursday evening, when the March Yearling Sale kicked off to a remarkable start.

time-read
2 mins  |
March 17, 2025
When will SA stop begging?
The Citizen

When will SA stop begging?

Brian Sokutu has it completely wrong. He says the fallout with the US has its remedies.

time-read
1 min  |
March 17, 2025
The Citizen

Adrift for 94 days

A Peruvian fisherman was found alive after drifting at sea for 94 days, a navy official said on Saturday, as he was discharged from hospital following his ordeal.

time-read
1 min  |
March 17, 2025

Vi bruker informasjonskapsler for å tilby og forbedre tjenestene våre. Ved å bruke nettstedet vårt samtykker du til informasjonskapsler. Finn ut mer