[Image: Berman Brothers Group]
Cape Town’s luxury property market is flexing like a crypto bro on TikTok.
The Atlantic Seaboard, in particular, is stealing the spotlight, with high-end homes flying off the market faster than you can say “sea view penthouse.”
Basil Moraitis, regional head of Pam Golding Properties in the Western Cape, says, via The Citizen, that the sustained demand has led to a stock shortage, cementing the area’s global status as prime real estate.
December 2024 was a trading frenzy, but January 2025 cranked it up a notch, with February showing no signs of slowing down.
“This rapid turnover of luxury properties has shifted the market dynamics in favour of sellers, particularly for well-located homes with spectacular views and proximity to key amenities such as the city centre, beaches, and the V&A Waterfront.”
Who’s snapping up these properties? A mix of local elites, upcountry moguls, and international investors.
Plus, there’s a plot twist: South African expats, tired of the expat grind, are boomeranging back home for a slice of Cape Town’s high-life pie.
The Atlantic Seaboard’s trophy homes are commanding eye-watering prices, with January 2025 delivering some headline-grabbing deals:
- A Clifton home sold for R47 million to a local buyer.
- Another Clifton property went to a German buyer for R46.5 million.
- A Camps Bay villa landed in the hands of a UK buyer for R55 million.
These big-ticket sales underline Cape Town’s global appeal, according to Moraitis, who notes that investors worldwide clearly have their eyes (and wallets) locked on the city’s luxury scene.
That means, if you’re looking to snag a piece of the action, good luck—inventory is scarce.
The V&A Waterfront is practically sold out, not due to lack of interest, but because there’s barely anything left to buy, he noted.
Meanwhile, median prices in Mouille Point and De Waterkant’s R5 million to R10 million bracket have soared by 14.2% and 17.3%, respectively, over the past year.
“This price appreciation signals strong investor confidence and the willingness of affluent buyers to pay a premium for homes in these sought-after areas.”
In other words, Cape Town’s luxury market isn’t just hot—it’s on fire.
[Source: The Citizen]
