The real deal on property prices - CT vs. JhbWith thousands of Joburgers making their way down to the Cape, 'semigration' is a real thing. This is the only thing keeping property in South Africa alive. © Dereje Belachew – 123RF.com According to financial journalist, Alison Goldberg, South Africa’s property market is on a steady decline. Purchasing a home might not even be worth it during such tough economic times. We have compared property prices in Cape Town and Johannesburg on a two-bedroom house and two-bedroom apartment. Take a look what we found… The statsSouth African bank FNB has recently conducted a report on the average house price in 2017. The report was based on the following six major metros:
The table below shows the average property price for each area in 2017:
Sandton vs. Camps BayRivonia, Sandton:With the hustle and bustle of the streets, expensive restaurants and the many malls, Sandton is a city on its own. Average sale price:
Average rental price
Camps BayThis suburb is best known for its white, sandy beaches and ‘over the top’ monstrosities. Prepare to sit down when you see these prices. Average sale price
Average rental price
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