Where to find the Most Expensive Property in Johannesburg

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Johannesburg is known as a metropolitan South African city. Situated in the Gauteng province, the city is widely regarded as the economic hub of the country.

Property prices in Johannesburg are also some of the highest in the country (running a close second behind Cape Town.)

A report by a leading real estate agency found that the top 10 suburbs in Johannesburg recorded sales of over R4 million.

Sandhurst tops the list, followed by Chiselhurston, Dunkeld West, Bryanston, Sandown, Hyde Park, Westcliff, Wierda Valley and Illovo.

Sandhurst is South Africa’s second-most expensive suburb with the average property fetching just under R15 million, whereas the national average cost for a property in South Africa is R700 000.

The average price of a property within an estate is R2 million, while the Villa Santini estate in Sandhurst has property available for R17.4 million.

The Northern suburbs are generally where one is likely to find the most expensive property in Johannesburg.

Various factors influence property prices in these areas. There are a range of trends occurring that are changing the way that people search for property to buy.

For instance, Fibre in the home is a growing sales point. Areas where fibre is fully installed, will be in high demand. As the rollout of fibre continues to spread across the country, properties in these areas are set to become more attractive to home buyers.

Proximity to police stations, schools, malls and hospitals remains a priority for many home buyers. In areas where you are likely to find the most expensive property in Johannesburg, home buyers are likely to be influenced by factors such as security, proximity to schools, malls, police services and hospitals, as well as property size.

 

 

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