WHERE TO FIND SOUTH AFRICA’S R20-MILLION HOMES

WHERE TO FIND SOUTH AFRICA’S R20-MILLION HOMES

More than 1‚700 South African families live in houses‚ apartments and wine farms valued at R20-million each.

The South African Wealth Report uses the number of R20-million properties in an area to determine the exclusivity of a suburb.

New World Wealth head researcher Andrew Amoils said it allows one to see how many “very wealthy people” are living in an area.

“However‚ this measure can be deceiving as areas that are mainly large houses‚ such as Sandhurst‚ Plettenberg Bay and Bishopscourt‚ tend to outperform areas that are mainly apartments‚ such as Umhlanga‚ as very few apartments are large enough to cost over R20-million.

“Also some suburbs‚ such as Constantia‚ are much larger than others like Llandudno which unfairly favours them‚” he explained.

Cape Town: Camps Bay and Bakoven, 200; Clifton, 110; Constantia and Tokai, 100; Bishopscourt, 90; Bantry Bay, 80; Fresnaye, 80; Llandudno, 40.

Johannesburg: Sandhurst, 110; Hyde Park, 100; Houghton, 100; Westcliff, 60.

Other: Plettenberg Bay, 130; Umhlanga and La Lucia, 110; Knysna, 100; Stellenbosch, 90; Paarl, 80; Franschhoek, 70; Ballito and Zimbali, 60; George and Fancourt, 50. – Source: SA Wealth Report September 2017

NIVASHNI NAIR / TimesLive

Facebook Comments

About author

Nigerians in South Africa
Nigerians in South Africa 1845 posts

We are about democracy, human rights, public opinion, political behavior, civil rights and policy aimed at improving the human condition, with a focus on African countries.

You might also like

Travel 0 Comments

Again, United Kingdom Deports 28 Nigerians

Lagos — The gale of deportations of Nigerians from Europe continues last week Thursday with another set of 28 Nigerians deported from the United Kingdom (UK). This came 48 hours

PRESIDENT ZUMA TO LAUNCH THE KWAZULU-NATAL INVEST SA ONE STOP SHOP IN DURBAN

The President of the Republic of South Africa, Mr Jacob Zuma will officially launch the InvestSA One Stop Shop – KwaZulu-Natal (Invest SA OSS) on 18 November 2017 at the

30 PERSONS KILLED, LIVESTOCK STOLEN BY ARMED BANDITS ACROSS 5 VILLAGES IN ZAMFARA, NIGERIA

Kano (Nigeria): At least 30 people were killed during raids on villages in northwest Nigeria in the latest deadly attacks by cattle rustling and kidnapping gangs in the restive region,

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply