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 2028 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

Business 0 Comments

DISCOVER SOUTH AFRICA – WITH GOOGLE STREET VIEW & DRIVE SOUTH AFRICA

A team of passionate South Africans in partnership with Google Maps have trekked the length and breadth of South Africa to map 170 new trails, six UNESCO World Heritage Sites

Entertainment 0 Comments

KUNLE AFOLAYAN SCREENS ‘MOKALIK’ AT DURBAN

Mokalik by Director Kunle Afolayan on Friday, 26 July 8.30pm at Ster Kinekor, Musgrave 🎬 ‘Mokalik’ follows the career of an 11-year-old boy, Ponmile, from the middle-class suburbs who spends

Politics 0 Comments

MANY NIGERIANS IN OUR COUNTRY ARE DRUG TRAFFICKERS – PANDOR

Naledi Pandor, South African minister of foreign affairs, says there are many Nigerians in the country involved in drug and human trafficking. Pandor said this on Thursday while responding to

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply