The need for tight security is pushing more South Africans to buy pricier homes in estates rather than neighbourhoods.
Estates have been among the best performing neighbourhoods, with average price growth of up to 25% over the past five years.
The latest Financial Mail Top Suburbs Survey listed a number of luxury estates among their choice of best growth neighbourhoods over a one, three and five-year period. While the Cape has fewer housing estates compared to Gauteng , those in the province, especially around the Cape Town metro, seem to attract the highest average price growth.
“Cape estates also tend to achieve the highest rental rates. Seeff, for example, concluded a rental of R390,000 per month , in a joint-deal in Val de Vie estate over the last year,” said Seeff.
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