SA's luxury property hotspots for the world's richest buyers
15 Nov 2018
International investors are showing renewed interest in South Africa - and nowhere is this more clearly reflected than in the country's luxury property sectors.
This five bedroom, five bathroom home in George, Western Cape, offers a wine cellar, study, jacuzzi and study. It is on the market for R25 million - click here to view.
This is according to Berry Everitt, CEO of the Chas Everitt International property group. "When President Cyril Ramaphosa took office earlier this year, he promised us a 'New Dawn' fuelled by US$100 billion worth of new foreign and local investments, and after October's investment summit in Johannesburg, he and his investment envoys are more than halfway towards reaching that goal."
This four bedroom, five-and-half bathroom home in Hyde Park, Sandton, offers entertainment areas, a pool and well-maintained garden. It is on the market for R29.9 million - click here to view.
"This has revitalised business and consumer confidence in SA's ability to re-establish itself not only as a regional powerhouse, but as the real 'gateway' to Africa's US$2 trillion marketplace - and astute property investors are already anticipating this recovery by snapping up high-end real estate here, especially in Johannesburg."
This city is recognised as the financial capital of Africa, and its luxury property sector is generally dominated by investors seeking primary residences or second homes that are used for business rather than holiday purposes, says Everitt.
"Our specialist Luxury Portfolio team in Johannesburg recently sold out a brand new luxury cluster home development in Hyde Park within just a few weeks, and has concluded sales worth a total of US$30 million since the start of the year," says Everitt.
This three bedroom, five bathroom apartment in Umhlanga, KwaZulu-Natal, offers stunning ocean and city views. It is on the market for R35 million - click here to view.
"It has also just been mandated to market The Emerald, a brand new development of 298 luxury apartments close to Sandton at prices from R2.2 million that underscores the belief of local developers in the continued strength of demand in this sector."
Everitt says the company has also just launched a new Luxury Portfolio team in the capital city of Tshwane to meet rising international demand for property there, which is being fuelled by the fact that most ambassadors to SA are resident in the city's elite suburbs and very positive advocates of its cosmopolitan lifestyle and wonderful climate.
This six bedroom, six bathroom home in Umhlanga, KwaZulu-Natal, offers a sparkling pool, jacuzzi and an entertainment patio. It is on the market for R25.9 million - click here to view.
"We are confident that this will not only put the city on the international luxury property map along with the better known SA destinations of Johannesburg and Cape Town, but be a big positive in terms of attracting more interest from the affluent leaders of the international business community and helping to boost economic growth and employment in the capital city," says Everitt.
"It is a major trend currently for high-net-worth and ultra-high-net-worth individuals around the world to seek hot investment opportunities outside of their own countries, and the buying of a second or third residence in a certain location will often be accompanied or followed by a commercial investment in that location. This is particularly true in cities like Tshwane (Pretoria), which offer both business opportunities and an attractive lifestyle."
This five bedroom, seven bathroom home in Waterkloof, Pretoria, offers entertainment areas, a pond, pool and jacuzzi. It is on the market for R23 million - click here to view.
Meanwhile, he says the town of Umhlanga and the beautiful North Coast of KwaZulu-Natal are now also experiencing rising demand for luxury apartments and estate homes as SA becomes an increasingly important player in the Indian Ocean Rim Association and a large number of investors from India and the Far East are drawn to a sophisticated commercial hub that includes the Port of Durban, King Shaka International Airportand the DubeTradeport.
"And of course the favourable rand exchange rate continues to fuel international interest in Cape Town, the Western Cape Winelands, and the Garden Route, which are globally renowned for the luxury lifestyle, spectacular scenery and exceptional real estate they offer - and among the world's most sought-after destinations for affluent leisure home buyers."