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South Africa’s top suburbs: Cape Town still brings the heat | SA News

Safe as houses? Not lately. The saying no doubt rings hollow for many South Africans who haven’t made a cent on residential bricks and mortar in the past five years.

Amid crumbling municipal infrastructure and poor service delivery, Joburg homeowners have been particularly hard hit by falling sales and prices as buyers have fled to the Western Cape. Tshwane and eThekwini residents have faced similar woes.

Add to the equation a 475 basis point (bp) interest rate hike between November 2021 and September 2024 and it’s not difficult to see why your home hasn’t exactly been a store of wealth.

Cape Town property owners have, of course, been spared. In the past five years, house prices…

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