According to BusinessTech, the average prices for high-end real estate now reported at about R102,750 per square metre, is in Cape Town.

Cape Town is said to have officially overtaken other major African cities to become the most expensive place on the continent to buy property.
This detail is taken from the latest Africa Wealth Report, compiled annually by Henley & Partners in collaboration with New World Wealth, which tracks private wealth trends across the continent.

The report places Cape Town firmly at the top of Africa’s luxury property market, with prices of prime apartments between 100m² and 200m² now higher than anywhere else in Africa.

Since 2010, property prices in the city have surged by 160%, far outpacing Johannesburg, where values have grown by less than half of that over the same period, according to Statistics South Africa.

Read the rest of this BT blog HERE

I have so much to unpack around this looming “Cape Town Property Rates/Prices” crisis. So, I have to brainstorm and compile my thoughts into something cohesive instead of mixed and chaotic.