Cape Town’s luxury property market is experiencing a record-breaking boom, with the Atlantic Seaboard leading the charge in high-value apartment sales. According to Seeff Property Group, 2025 has seen a sharp rise in demand for premium lock-up-and-go apartments, driven by local buyers, semigration from Gauteng and KwaZulu-Natal, and strong international interest—particularly from Germany and the UK.
The trend toward luxury downsizing has reshaped buyer preferences, with many opting for high-end apartments offering convenience, security, and sea views. In 2025 alone, 22 apartments priced over R20 million have been sold—up from 17 in 2024. The Waterfront topped the list with eight sales, followed by Camps Bay, Clifton, Mouille Point, Bantry Bay, and Granger Bay.
Across the Atlantic Seaboard, 329 apartments worth R2.4 billion have been sold across all price bands, with an average price of R7.2 million—marking a 14.2% increase year-on-year. The price per square metre has also hit a new high of R170,000, underscoring the premium placed on location and lifestyle.
Notable transactions include:
- A record R65 million sale at The Aurum in Bantry Bay
- Multiple Waterfront sales ranging from R22 million to R40 million
- A R36 million penthouse in Camps Bay
- Clifton and Mouille Point apartments selling between R23 million and R25 million
The surge in demand has led to a shortage of stock, particularly below R15 million, with listings at their lowest in over a decade. Airbnb investors are also fueling the market, drawn by high rental yields and Cape Town’s global appeal.
As Cape Town continues to attract affluent buyers and investors, the luxury property sector is proving resilient and increasingly competitive. With limited land availability and rising demand, prices are expected to remain strong, especially in waterfront and view-rich locations.
Source: dailyinvestor.com