Real Estate Investor Magazine South Africa June/ July 2019 | Page 39

I
n Johannesburg the suburbs of Bryanston, Morningside
and Midstream are the highest valued suburbs, and in
Cape Town; Sea Point, Rondebosch and Fresnaye are the
areas that capture the most value. In an interesting finding,
Umhlanga in KwaZulu-Natal also features amongst the top
ten suburbs with the highest value countrywide. This is ac-
cording to Lightstone data, the company providing informa-
tion to the property sector, analyses on the data and trends in
this category.
Additionally, Lightstone data reveals the most expensive
streets and suburbs in Cape Town, with the highest valued
street being Beauvais Road in Bel Ombre with an average
value of R43.7 million per property. Llandudno is the suburb
with the highest value of R 19.3 million per property on
average. Like previous years, Cape Town’s property growth
remains above the national average. The top three inflationary
growth suburbs in the Western Cape over the last 12 months
are Sillwood Heights, Voëlklip and Hospital Hill.
Lightstone’s analysis includes the data of nearly eight
million registered properties across South Africa; 83% of
which are residential properties and 17% non-residential. The
total of 6.7-million residential properties are valued at R5.4
trillion; a figure which is heavily supported by the R2-trillion
Gauteng market*. Freehold properties remain the largest
percentage of this figure with 67%; estates follow at 18.3% and
sectional title with 14.2%. Estates consist of a much higher
proportion of total value vs. volume as these properties are
on average valued at three times more than normal freehold
properties.
In a municipal breakdown, the following
list includes the top five South African
municipalities in terms of value:

1
2
3
4
5
Municipality Value
City of Cape Town R 1.6 -trillion
City of Johannesburg R 0.94 -trillion
City of Tshwane
R 0.54 -trillion
Ekurhuleni
R 0.45 -trillion
Ethekwini
R 0.41 -trillion
As it stands, Western Cape and Gauteng feature the larger
proportion of properties and total value with more than 50%
of the national market value captured in these two provinces.
One of the most encouraging findings in the Lightstone
analysis is that the number of single female buyers has
increased to over 71 727 in 2018; a figure which is almost 10
000 more than their male counterparts whom only account
for 62 032 of homes purchased over the last 12 months. Male
buyers do however still on average buy properties with a
higher value than female buyers.
As a bustling cosmopolitan province, Cape Town should
continue to show steadfast and reliable growth in the years to
come. Resource?
SA Real Estate Investor Magazine JUNE/JULY 2019
37