CT and Jhb make property luxury list for the very wealthy

Wealth X recently released a Global Property Handbook in conjunction with Warburg Realty and Barnes International Realty.

Cape Town and Johannesburg were among the world's top 50 cities in which to purchase luxury property, with Cape Town coming in at 37th and Johannesburg at number 46.

Steven Delit, property expert at Remax says in Cape Town it is frightening how the price of property has recently escalated.

He says the price of property on the Atlantic seaboard is driving prices all over.

To find an apartment of 40 metre squared for a million is difficult. There are very few properties in the city bowl or on the seaboard priced under R2 million.

Steven Delit, property expert at Remax

To hear more on this subject, listen below:


This article first appeared on CapeTalk : CT and Jhb make property luxury list for the very wealthy


Recommended

by NEWSROOM AI
Read More
[LISTEN] Two fishy areas that the Tax Ombud wants to probe Sars for

[LISTEN] Two fishy areas that the Tax Ombud wants to probe Sars for

Tax ombudsman, Judge Bernard Makgabo Ngoepe, has obtained approval from the minister of finance to conduct two reviews on Sars.

New WC police ombud says he wants to be more than just a 'complaints office'

New WC police ombud says he wants to be more than just a 'complaints office'

Major-General Johan Brand was appointed as the Western Cape Police Ombudsman last month, after the resignation of Vusi Pikoli.

The key drivers that prop up inequality in South Africa

The key drivers that prop up inequality in South Africa

The recent inequality report by Oxfam South Africa reveals that the gap between the rich and the poor is increasing.

House prices slump in some parts of the country

House prices slump in some parts of the country

Property economist at FNB, John Loos, says the drop in house prices is due to slow pace in economic growth.

How to make SA's inner-cities more inclusive (and crack down on gentrification)

How to make SA's inner-cities more inclusive (and crack down on gentrification)

Development in areas like Cape Town's Woodstock or Joburg's Maboneng does not have to be at the expense of poorer communities.

How to grow your small business into a medium-sized one

How to grow your small business into a medium-sized one

Small business guru Pavlo Phitidis discusses strategies for growth that won’t cause chaos.

Popular articles
We call it Heritage Day so it's more inclusive - Coconut Kelz (Lesego Thlabi)

We call it Heritage Day so it's more inclusive - Coconut Kelz (Lesego Thlabi)

In this segment of the Current Affairs with Coconut Kelz, satirical comedian Lesego Thlabi channels Kelz to chat about Heritage Day.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

[Watch] Dad breaks down when reunited with car sold to pay wife’s bills

[Watch] Dad breaks down when reunited with car sold to pay wife’s bills

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

ANC Tshwane gives mayor ultimatum on non-compliant buildings

ANC Tshwane gives mayor ultimatum on non-compliant buildings

ANC in Tshwane has given the Executive mayor Solly Msimanga 48 hours to produce occupation certificates for three buildings.

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.