• Skip to main content
  • Skip to header right navigation
  • Skip to site footer

Submit your local news to MyCapeTown HERE

  • WordPress
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube
  • Bluesky
My Cape Town

My Cape Town

Cape Town Community News and Events

  • Events
  • Daily News
  • Submit News
  • Dam Levels
  • Stratlec Shop
You are here: Home / News / Locals priced out as Cape Town’s luxury property market soars

Locals priced out as Cape Town’s luxury property market soars

15 October 2025 by CapeTownNewsReader

I think we need to just take the R1 billion and put it into perspective – at the average purchase price for foreign buyers of R2.7 million, it’s actually only about 370 properties,’ says Grant Smee, …Read More at Source

Category: NewsTag: Bing, Cape Town, NEWS

you may also love

Houses for mining towns

Pretoria-Housing development projects for mining communities in Bokone-Bophirima are well underway and are to be completed in …

Stepbrothers Restaurant Bar and Deli

Stepbrothers Restaurant Bar and Deli: The Mother City’s newest Italian eatery, bar and deli: CapeTownMagazine.com
News

Tensions rise in Cape Town as transport bosses contemplate taxi route shutdowns

For commuters, Tuesday’s decision could spell the difference between safe, regulated transportation options and an …
News

Traffic frontline staff attacked

The Democratic Alliance in the Western Cape condemns the spate of recent attacks on Western Cape traffic officials. In two …

About CapeTownNewsReader

A catch all for the many contributors to My Cape Town – thank you for submitting your Cape Town news HERE.

Previous Post:News‘We just stand for hours’:Record ID production doesn’t ease Cape Town frustrations at Home Affairs
Next Post:Visit these five theatres in and around Cape TownNews

Copyright © 2026 · My Cape Town · All Rights Reserved · Powered by Reach Trust