Mon May 06 2024 12:00:11 GMT+0000 (Coordinated Universal Time)
Cape Town

1 - 24of32 890properties

32,890 Properties for sale in Cape Town listings are price checked

Listings from borhayproperty.co.za, brilliantproperty.co.za and 28 more

Property value calculations

Do not overpay! With property price calculations you can make better choices when you are looking for your next place to live.
Using artificial intelligence, we analyse property adverts daily from various property portals, saving you time and providing valuable insights.
How we calculate property prices
The estimated market value for properties is calculated by using a proprietary formula that includes detailed information about a home (bedrooms, bathrooms, size and so on), Additionally, location, market dynamics and other key details are extracted from property listings to determine the correct price evaluation.
The precision of the estimates rely on the availibility of data and should serve as guidance rather than absolute certainty.
We remain committed to transparency and providing valuable market insights to our users, by helping them navigate the property market with confidence.
Average price for sale
R 2.3 M
Cape Town, Western Cape
Average price trends
2 M
Feb
2 M
Mar
2.3 M
Apr
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Living in Cape Town: A Quick Guide to the Real Estate Market & Neighborhoods
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Market status in Cape Town
Our catalog on Ananzi.co.za offers a comprehensive overview of the real estate sales market status in Cape Town (Western Cape, South Africa), showcasing the latest trends and offerings. The city features various dwelling types, with House leading with an average price of R 4.9 million ZAR, an average size of 264 m², and representing 55.7% of listings. Apartment follow with an average price of R 4.9 million ZAR, an average size of 264 m², and 33.4% of listings. Vacant Land make up 6.2% of listings, with an average price of R 4.4 million ZAR and an average size of 375 m².
Nearby cities for commuters
Exploring alternatives to Cape Town unveils Stellenbosch, Paarl, and Hermanus, each promising a unique mix of proximity and more affordable living compared to Cape Town. Stellenbosch, a short hop from Cape Town, is notable for its lower average real estate price of R 5.5 million ZAR. The commute in Stellenbosch is diverse, featuring a 50 km, 45-minute trip by car, and a 50 km, 60-minute journey by public transport. Paarl, nestled 60 km away by car from Cape Town, showcases homes at an inviting average price of R 8 million ZAR. Connectivity flourishes in Paarl with a 60 km, 70-minute ride via public transport, and a 60 km, 240-minute trip by bike. Lastly, Hermanus, offering a captivating average property price of R 5 million ZAR, lies just 121 km from Cape Town by car. The commuting scene in Hermanus is versatile, with a 121 km, 420-minute commute via bike, and a 121 km, 120-minute route by public transport. Each Cape Town alternative enriches the quest for those looking to stay close to Cape Town while finding a home that suits their budget and lifestyle needs, complete with varied commuting options to ensure easy access to and from Cape Town.
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FAQ
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What are the property taxes in Cape Town and are there any other ongoing costs I should consider?
In Cape Town, property taxes, known as rates, are based on the property's value, with a rate of 0.00772 for 2021/22. An annual cost, this can vary. Also, consider utility costs (electricity, water) and homeowner's insurance. For a detailed breakdown, visit capetown.gov.za/family%20and%20home/residential-utility-services/residential-rates-and-tariffs/property-rates.
What types of upfront costs and fees will I have to pay when purchasing a property in Cape Town?
When purchasing a property in Cape Town, upfront costs include transfer duty (if applicable), conveyancing fees, and bond registration fees if financing the purchase. Transfer duty rates vary based on property value. Other costs may include homeowner's association (HOA) fees for certain developments and home inspection fees. Detailed rates and fees are available at sars.gov.za/tax-rates/pages/transfer-duty.aspx.
How does the Cape Town property market compare to ther regions in the South Africa?
Cape Town's real estate market is notably pricier compared to other South African cities. For instance, the average property price in Cape Town is around ZAR3,000,000, whereas Johannesburg averages at ZAR1,200,000 and Durban at ZAR1,550,000. This places Cape Town as one of the most expensive cities for real estate in South Africa, reflecting its high demand and status as a premier residential and tourist destination. Johannesburg and Durban offer more affordable alternatives, yet lack Cape Town’s unique appeal, combining beach with urban living.
For detailed prices, you can visit:
- property24.com
- privateproperty.co.za
How competitive is the Cape Town property market?
The property market in Cape Town is highly competitive due to its appeal as a tourist destination and its vibrant economy. Average property prices have surged to approximately R3,000,000 in areas like Sea Point. The demand far exceeds supply, driving quick sales often above asking price. New developments in the city and surrounding suburbs, like the Cape Town Foreshore, attract both local and international investors, highlighting its status as a prime location for buying real estate. See details at property24.com.
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