Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. We strongly urge you to update to a newer version for optimal browsing experience.

The top prime property hotspots in Africa for 2019

14 Oct 2019

AfrAsia Bank and New World Wealth  recently reviewed the most expensive cities in Africa for prime residential property as part of their 2019 Africa Wealth Report

This apartment in prestigious Clifton, Cape Town, offers the ultimate in beachfront living with unobstructed ocean views. It is selling for R65 million - click here to view.

According to the report, residential property normally constitutes between 25% and 30% of the net assets of an average wealthy person (HNWI) living in Africa.

Popular properties include luxury apartments, beachfront villas and homes in residential estates, says head of research at New World Wealth, Andrew Amoils.

The most expensive cities/towns for residential property in Africa are ranked below.

These indices refer to the US$ price of a 200-400 square metre apartment in the most exclusive part of each city or town. So for example, in Cape Town, the focus would be on the top apartment complexes in Clifton and Bantry Bay, says Amoils.

This Penthouse in Umhlanga offers uncompromising luxury and seamless flow between sumptuous interior spaces and a glorious entertainment area. It is priced at R30 million - click here to view.

Major cities ranked by price per square metre (Figures for Dec 2018): 

  • Cape Town: $5 600
  • Umhlanga: $2 800
  • Johannesburg (Sandton): $2 600
  • Nairobi: $1 800
  • Marrakesh: $1 700
  • Tangier: $1 700
  • Casablanca: $1 500
  • Luanda: $1 300
  • Accra: $1 200
  • Lagos: $1 100
  • Abidjan: $1 000
  • Alexandria: $1 000
  • Maputo: $900
  • Cairo: $900
  • Kampala: $800


This fully furnished five bedroom, three storey penthouse in Sandhurst Towers offers an executive lifestyle in the hub of Sandton. It is on the market for R48 million - click here to view.

For more findings from the 2019 Africa Wealth Report, click here. 

Print Print
Top Articles
Just two decades ago, a top-earning estate agent was one who understood their local market and area, but this is now only a portion of what's needed to gain the edge.

There are signs that an upturn is likely to be seen in Cape Town’s property market over the next 12 months, with improved agent confidence and indicators in recent weeks.

Only 50m from the beach and ideal for South African investors, this new water village development blends high-end living with the natural environment. Here are prices...


Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.

Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724