SA Wealth Report 2020: South Africa's most expensive streets and suburbs!

According to the "SA Wealth Report 2020" by South African wealth research group New World Wealth (NWW), Johannesburg (total wealth* held in the city: US$243 billion), Cape Town (US$131 billion), Durban and Umhlanga (US$ 56 billion) as well as Paarl, Franschhoek and Stellenbosch (one of the fastest growing areas in South Africa for high-net-worth individuals (HNWIs)) are the four wealthiest cities in South Africa. While Johannesburg holds the top position in terms of total wealth*, Cape Town takes the lead in the property market (measured in US$/m²). South Africa's top five most expensive streets and suburbs are all located in the Mother City.

South Africa's most expensive streets:

1. Victoria Road, Clifton and Bantry Bay, Cape Town - US$5700/m² (R80000/m²)
2. The Ridge & Cliff Road, Clifton, Cape Town - US$ 5600/m² (R78000/m²)
3. Nettelton Road, Clifton, Cape Town - US$5400/m² (R76000/m²)
4. Clifton Road, Clifton, Cape Town - US$5400/m² (R75000/m²)
5. V&A Marina, Dock Road, City Bowl, Cape Town - US$5100/m² (R72000/m²)
6. Lagoon Drive, Umhlanga - US$2900/m² (R40000/m²)
7. Beachyhead Drive, Plettenberg Bay - US$2600/m² (R37000/m²)

South Africa's most expensive suburbs:

1. Clifton - US$5100/m² (R72000/m²)
2. Bantry Bay - US$4800/m² (R67000/m²)
3. Fresnaye - US$3900/m² (R54000/m²)
4. Camps Bay & Bakoven - US$3500/m² (R49000/m²)
5. Llandudno - US$3300/m² (R46000/m²)

Note: Figures for December 2019. Exchange rate: R14.00/US$.

As part of the research for the "SA Wealth Report 2020", NWW also took a look at the top holiday hotspots for the wealthy in South Africa. According to the findings, Cape Town, Umhlanga and La Lucia, Ballito, Plettenberg Bay, Knysna, George and Oubaai, Hermanus, Wilderness, St Francis Bay and Natures Valley are the top holiday spots for South Africa's high-net-worth individuals (HNWIs). 

*The term "total wealth" refers to the private wealth held by all the individuals living in each city.

National Geographic: Cape Town named second best beach city!

Cape Town has been ranked second-best in the world on National Geographic's latest Best Beach Cities list. According to NatGeo, only Barcelona in Spain tops Cape Town as the world's best beach city. Honolulu on Hawaii (USA) was named third-best beach city, followed by Nice in France.

#CampsBayBeach #CapeTown #Nature #GoodCompany @phathutshezo @tshepo_bogatsu @genemuthambi

Ein von Masikhwa Awelani (@ma_c_qua) gepostetes Foto am 24. Jan 2015 um 10:46 Uhr

Here is what National Geographic had to say about Cape Town:

The African capital of cool sprawls on a peninsula that divides the icy Atlantic from the warmer Indian Ocean, putting some 20 beaches within striking distance. The Clifton beaches, known for the posh homes that overlook them and stellar sunset-viewing, are sheltered from the region's strong trade winds by a mountainous ridge. Further north, the breeze is unleashed at surfing sweet spots Milnerton and Blouberg. Families favor the eastern False Bay coast for warmer water and tot-friendly tidal pools.

National Geographic's Top 10 Beach Cities:

1. Barcelona, Spain
2. Cape Town, South Africa
3. Honolulu, Hawaii (USA)
4. Nice, France
5. Miami Beach, Florida (USA)
6. Rio de Janeiro, Brazil
7. Santa Monica, California (USA)
8. Sydney, Australia
9. Tel Aviv, Israel
10. Vancouver, British Columbia (Canada)