Real Estate Investor Magazine South Africa June 2018 | Page 65

INSIGHTS
Johannesburg performed relatively poorly. A large number of
Johannesburg millionaires moved to other parts of the country.
Johannesburg prime property prices also performed poorly rela-
tive to the rest of the country.
A large portion of local luxury sector revenue comes from lux-
ury hotels and lodges. Major South African destinations for the
wealthy include the Kruger Park area, Cape Town, Umhlanga and
the Garden Route.
While it can be easy to feel pessimistic about the country’s fu-
ture, the report notes that South Africa has several advantages
that could foster future wealth. These include a large free media
which helps disseminate reliable information to investors. This
sets South Africa apart from most other African markets. The
JSE is also one of the fastest growing stock markets in the world
(in terms of market cap growth) over the past 25 years, ranking
among the top 20 biggest stock exchanges.
POPULAR SOUTH AFRICAN HOTELS
FOR THE WORLD’S WEALTHY
The Lost City, the 12 Apostles Hotel & Spa, the One
& Only, the Table Bay, the Sandton Sun, the Mount
Nelson, the Michelangelo, the Beverley Hills, the
Oyster Box, the Westcliff and the Cape Grace.
Popular South African game lodges for the
super-rich
Singita, Ngala, Bushmans Kloof, Royal Malewane,
Phinda and Londolozi.
MOST EXCLUSIVE SUBURBS Fresnaye (80 homes)
The report notes that exclusivity can be measured by
looking at the amount of R20m+ homes in a suburb.
With this in mind, the following suburbs are highlight-
ed for 2017: Llandudno (40 homes)
Cape Town
Camps Bay & Bakoven (200 homes)
Clifton (110 homes)
Constantia & Tokai (100 homes)
Bishopscourt (90 homes)
Bantry Bay (80 homes)
Somerset West (40 homes)
Johannesburg
Sandhurst (110 homes)
Hyde Park (100 homes)
Houghton (100 homes)
Bryanston (80 homes)
Westcliff (50 homes)