Western Cape leads as foreign buyers eye South Africa’s luxury estates and apartments

Foreign buying interest is currently strongest in the Western Cape at 7.8%, followed by Gauteng and then Limpopo.

International property buyers are no longer looking at South African luxury homes as investments only, but also as places to live, work remotely, holiday and return to year after year.

While foreign buyers still make up a small percentage of South Africa’s overall housing market, new Lightstone data shows growing uptake in the luxury price bands.

These numbers mirror what Just Property offices are seeing on the ground, says Paul Stevens, CEO of Just Property.

“This is not just a Cape Town story, or a luxury estate story – it’s a value story. Global buyers are comparing South Africa with other prime destinations and realising they can get space, setting, lifestyle and long-term benefits here at prices that are hard to match elsewhere.”