Demand for property in Cape Town is booming as tourists return, foreigners buy local property, and South Africans emigrate from the country’s northern regions.
This is feedback from Pam Golding CEO, Dr Andrew Golding, who said they are seeing a significant increase in demand from tourists and South Africans wanting to semigrate to the Cape.
Aside from increased demand for tourism, Cape Town is also benefiting from a surge in semigration from various regions, generally to the north of the country.
In addition, international upheaval has made the Cape an attractive proposition for numerous international buyers, Golding said.
Prospective buyers are particularly attracted to the well-managed Cape Town Metro and the diverse lifestyle offerings from the Atlantic Seaboard with its vibrant V&A Waterfront to the vineyards and tranquillity of the Southern Suburbs.
Cape Town has already seen an influx of international buyers active in the market â€` not only in the top end but across all price ranges, demonstrating confidence in the City’s property market.
Dr Golding said another factor is that South Africa offers exceptional value for money.
In Cape Town, for example, $1 million will enable you to acquire a residential property of approximately 200 sqm. For comparison, the same price

tag will only secure 33 sqm in New York, 34 sqm in London, 43 sqm in Paris, 44 sqm in Sydney and 17 sqm in Monaco.
Furthermore, this does not compromise on the lifestyle offered in South Africa, which is among the best on offer elsewhere in the world, said Dr Golding.
Importantly, this segment of the market also remains relatively unaffected by interest rate hikes as more affluent buyers are relatively unaffected by them.
International buyers comprised 5.4% of Pam Golding’s total sales, with purchasers from around the world, including the UK, Germany, the USA, Netherlands, Belgium, Nigeria, Canada, Switzerland, Botswana, China, Italy, Congo, France and Lesotho.
Their locations of choice vary considerably, including the Cape Atlantic Seaboard, Cape Winelands, Whale Route, and the Garden Route towns of George, Knysna and Mossel Bay being the most popular.
This has contributed to the Western Cape having the strongest growth among the three major regions during the past four years, including the year to date, with KZN following in second spot.
In terms of the performance of metros, Cape Town is again streets ahead, with the growth in property value being the greatest among all South African cities V.5134

The Department of Home Affairs (DHA) is cracking down on corruption within its ranks and finalised 31 disciplinary cases between July and September 2024, some of which resulted in criminal prosecution and dismissal.One such individual, Mogale Raseone is set to have his trial start on 6 November. He is facing charges of fraud after being dismissed from the DHA in 2023 for manipulating department systems to fraudulently administer immigration for foreign nationals V.5655
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South Africa may be its own worst enemy when dealing with foreign nationals, says an ActionSA parliamentarian.Lerato Ngobeni held a series of oversight visits last week, with a keen focus on the Department of Home Affairs.In showcasing the successes of their first 100 days in parliament, Ngobeni gave an update on her observations from the previous year. V.5654
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Cape Town comes out tops in Long Haul Holiday Report 2024Cape Town has reclaimed its position as the best-value long haul destination for British tourists, according to the 2024 Long Haul Holiday Report from Post Office.Every year, the Post Office Travel Money Long Haul Holiday Report highlights the top destinations where UK travellers can get the best value for their money.They researched 32 faraway destinations worldwide and compared the costs of common holiday items like a cup of coffee, a bottle of water, and a three-course meal for two to find out which destinations offer the best value for money. V.5652
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Eight of these cases came from the Free State, while six came from KwaZulu-Natal. Between July and September 2024, the Department of Home Affairs finalised 31 disciplinary cases against its officials.According to spokesperson Siya Qoza, the disciplinary cases resulted in a range of sanctions. These include criminal prosecution, dismissal, suspension without pay and final written warnings. The officials faced transgressions relating to irregular recruitment, violation of the Citizenship Act and the violation of the Immigration Act. Eight of these cases came from the Free State, while six came from KwaZulu-Natal. Home Affairs officials nabbedOne of the includes that of an official who failed to abide by the required standards of ethical conduct. His trial is set to start on 6 November, facing fraud charges. The official was dismissed from the department last year after the conclusion of disciplinary processes. V.5653
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The Citizen tried Home Affairs services on wheels and found it to be disorganised. Residents have been using the mobile services provided by the Home Affairs trucks. Temperatures were soaring, with no chairs in sight and a long line ahead. This was the experience of a reporter when they lined up to try Home Affairs mobile services. The outreach programme sends trucks to areas to help make the department’s services more accessible to residents who find it difficult to reach their offices. V.5648
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The BMA has confirmed the new switch-over system, installed to expedite data capture and to prevent future disruptions.The glitches that recently interrupted the flow of international flights at the King Shaka International Airport (KSIA) in KwaZulu-Natal have been sorted out, according to Mmemme Mogotsi, the deputy assistant commissioner for communications and marketing at the Border Management Authority (BMA). V.5649
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The Groblersbrug bridge across the Limpopo River is too narrow, many say, to handle the high volumes of traffic into Botswana. Source: SA Truckerorder transporters are waiting up to three days to pass through South Africas Groblersbrug border into Botswana because of a double whammy ` a new biometrics system implemented by the Border Management Authority (BMA), and ongoing barriers to entry at Beitbridge.Mike Fitzmaurice of the Transit Assistance Bureau explained that the BMA had implemented a new system whereby the biometrics of everyone, travellers and truck drivers alike, were recorded by immigration officials. Although it only takes about 15 minutes, the problem at Groblersbrug is there are only four immigration officers on duty during each shift.Compounding matters are existing impediments at Beitbridge forcing long-distance hauliers serving mines in the Copperbelt to drive around Zimbabwe.Unfortunately, Groblersbrug cant cope with the volume of traffic. V.5650
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The South Gauteng High Court in Johannesburg has granted an unemployed woman permission to relocate to Australia with her children where she got a job. An unemployed woman has been granted permission to relocate to Australia with her two children, where she has secured a job, following her ex-husband`s refusal to allow them to leave the country. She sought relief from the South Gauteng High Court in Johannesburg after her ex-husband declined to sign the consent forms needed for her to apply for visas for herself and their children. V.5651
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Minister of Home Affairs Leon Schreiber has gazetted far-reaching reforms for South Africa’s visa regime.The gazetting of the Remote Work Visitor Visa and the new Points-Based System for Work Visas on 9 October is said to remove bureaucratic hurdles which have hampered South Africa’s visa regime.Schreiber said that the “fit-for-purpose and market-friendly reforms would reposition South Africa as a world-class destination for investment and tourism to create thousands of new jobs. V.5642
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Minister of Home Affairs Leon Schreiber has gazetted far-reaching reforms for South Africa’s visa regime.The gazetting of the Remote Work Visitor Visa and the new Points-Based System for Work Visas on 9 October is said to remove bureaucratic hurdles which have hampered South Africa’s visa regime.Schreiber said that the “fit-for-purpose and market-friendly reforms would reposition South Africa as a world-class destination for investment and tourism to create thousands of new jobs. V.5643
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