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Wealthy foreigners slowly taking over one of South Africa’s richest areas | SA News

Malcolm Libera
 ·4 Jan 2026

Wealthy foreign buyers are steadily entrenching themselves along Cape Town’s Atlantic Seaboard and City Bowl, accounting for a quarter of all sales value in one of South Africa’s most expensive residential areas. 

New data from the Seeff Property Group shows that international buyers accounted for around R2.8 billion in transactions over the past year, representing roughly 25% of the total R11.3 billion in sales concluded across the combined areas.

According to Ross Levin, licensee for Seeff Atlantic Seaboard and City Bowl, the…

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  1. The wonder of a man with a running stomach is that he knows the direction of the door without anybody’s guidance.