Demand from young professionals and families, including semigration buyers and tenants coming from other regions, has caused a boom in the suburban areas such as the Southern Suburbs in Cape Town.
James Lewis, licensee for Seeff Southern Suburbs, said demand is currently unprecedented, with low stock levels offering incredible opportunities for sellers to achieve top prices.
The average house price in the area now ranges between R4 million and R8 million, up by more than double over the last decade.
For example, Constantia has been one of the best-performing property markets, and according to Nikki Edenborough and Faith Knight from Seeff, the market is going up in value quite quickly.
Sales for this year already top about R1.8 billion. Property values have basically doubled over the last decade, to an average of R9.3 million.
Buyers are attracted to the area for its prestigious, high-quality suburban lifestyle, which creates favourable conditions for sellers, as illustrated by two recent sales concluded by Nikki and Faith.
One property sold for R5.2 million, some R300,000 over the asking price, with six offers submitted. The second property achieved the full R9.5 million asking price within just one day of listing, 10% higher than a comparable sale just months earlier.
Constantia Upper alone boasts sales of over R1.2 billion in 2025, at an average price of R21.4 million. Some 21 of these sales are priced over R20 million, with two topping the R100 million price mark.
Francois Venter, lead agent for the Seeff Uppers Team, which has sold 12 high-value properties priced from R19 million upwards, just in Constantia and Bishopscourt, said the Uppers areas are performing really well.
Both suburbs have seen some of the highest sales volumes over the last two years, with Propstats showing some 16 sales over R20 million in Bishopscourt alone this year so far.
Table of contents [Show]
