{"id":29137,"date":"2016-06-08T11:44:20","date_gmt":"2016-06-08T10:44:20","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=29137"},"modified":"2020-05-21T17:18:51","modified_gmt":"2020-05-21T16:18:51","slug":"south-africas-top-richest-towns","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/south-africas-top-richest-towns\/","title":{"rendered":"South Africa\u2019s Top Richest Towns And Suburbs"},"content":{"rendered":"

South Africa is no doubt one of the richest countries in the African continent and this great achievement\u00a0couldn’t be\u00a0possible without the help of its richest towns and lucrative suburbs.<\/p>\n

New data from New World Wealth (NWW) presented a list of\u00a0streets that charge the most per square meter, in the most exclusive areas in the country.<\/p>\n

In its recently released data, the research group revealed that\u00a0there are approximately 2,300 South African homes valued at R20 million or more (as at December 2015). Out of this, about\u00a0880 are\u00a0in Cape Town, while\u00a0550 are located in Johannesburg.<\/p>\n

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Camps Bay is the top richest suburb for R20 million homes in\u00a0the country, with 170 properties. The spot has a long history with its first inhabitants said to be the San (hunter-gatherers) and the Goringqhaique, Khoi pastorates who occupied it in 1657. Then, the entire area was covered in forests brimming with wild animals like lion, antelope, and leopard. However, the development first came to the suburb in 1848 and 1884 which was basically road construction. This resulted in the construction of its tramway and tidal pools in 1901. Besides the pools, Rotunda which is currently the Bay Hotel, the Bay’s pavilion (usually used for concerts and shows) was also constructed during this time.<\/p>\n

In 1913, the government officially included Camps Bay into Cape Town in as much as it was considered as pleasure seekers spot rather than a residential area.<\/p>\n

In recent times, the town is well-outlined and planned to appeal to affluent visitors. It also houses many beautiful tourist centres including shopping malls, mellow cafes, restaurants, cocktail bars with patios and a beach that gives a nice view of the 12 Apostles Mountains, thus draws heavy crowds during summer.<\/p>\n

Plettenberg Bay along the south coast comes in right behind Camps Bay with 120 properties. The region’s history is relatively long with Portuguese explorers travelling through it in 1500. Also, early Europeans settled in it as far back as 1700.\u00a0\u00a0Widely known as a seaside town, Plettenberg is located in Western Province. It brims with beaches that have surf breaks or big waves breaks. Just like Camp Bay, Plettenberg draws well-to-do crowds so much so that the town’s population of 44,000 grows to almost four times as many during the summer periods of December and January. Apart from its awesome beaches, coastline offers a pleasant view and the nearby forest is regarded as one of the last remaining tracts of natural forests in the country.<\/p>\n

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In the survey, Cape Town got all the attention for being also home to the most expensive properties in the country (per square meter), with Dock Road, near the V&A Marina, fetching the highest price at R108,000 per square meter\u00a0Busnesstech reported<\/p>\n

Other streets regarded as the most expensive neighbourhood in the country as\u00a0per their square meter (between R77,000 and R90,000) are found in Clifton.
\nMost Expensive Roads in SA (per square meter):<\/strong><\/p>\n