Kaya 959 Kaya Biz

The top 5 suburbs rich South Africans want to live in

Loading player...
GUEST - Hayley Ivins-Downes, Head of Digital at Lightstone Property



Lightstone’s latest property newsletter revealed South Africa’s top five suburbs for homes priced over R1 million, ranked based on sales numbers and total purchase price for 2023.

According to Lightstone’s latest data, the real estate market in South Africa witnessed some notable changes in the ranking of the top-selling suburbs.

According to the data, Bryanston in Gauteng emerged as the most popular suburb in terms of both volume and total purchase price for both years.

Meanwhile, Sea Point in the Western Cape secured the second spot in 2023, moving up from the third in 2022.

Midstream Estate in Gauteng ranked second in 2022 but slid down to the third spot in 2023.

Additionally, Val de Vie and Fresnaye, which were placed fourth and fifth in the Western Cape in 2022, lost their positions in the top five in 2023.

Instead, Sibaya Coastal Precinct in KwaZulu-Natal took the fourth spot, followed by Sunningdale in the Western Cape, which ranked fifth in 2023.
10 Apr 2024 4PM English South Africa Business News · Investing

Other recent episodes

South Africa's Car Buyers Defy Economic Pressure

Despite higher interest rates, rising fuel prices and growing living costs, South Africa's vehicle market continues to show remarkable resilience. Thanda Sithole, Senior Economist at FNB and WesBank, unpacks what strong vehicle sales reveal about consumer confidence, how buyers are adapting to affordability pressures, the rise of new-energy vehicles, and…
12 Nov 12PM 13 min

The Economics of Diabetes

Ahead of World Diabetes Day, Sara Norcross, VP and General Manager of Novo Nordisk South Africa, joins Kaya Biz to discuss the growing burden of diabetes and its impact beyond healthcare. From workplace productivity and economic growth to treatment access and prevention, the conversation explores why diabetes should be viewed…
12 Nov 12PM 20 min

Protecting Yourself in the Age of Digital Scams

Online scams are becoming more sophisticated and increasingly difficult to detect. Sylvia Musalagani, Head of Safety Policy for Europe, the Middle East and Africa at Meta, discusses the growing threat of digital fraud, Meta's anti-scam initiatives, and how partnerships with local institutions are helping consumers identify and avoid online scams…
12 Nov 11AM 10 min

South Africa's Capital Puzzle

South Africa has no shortage of capital, yet economic growth remains elusive. Jurie Strydom, CEO of Old Mutual, joins Kaya Biz to unpack why the challenge may not be attracting investment, but deploying existing capital into productive sectors of the economy. The conversation explores investor confidence, policy certainty, infrastructure constraints…
12 Nov 11AM 7 min

Reading South Africa's Economic Pulse

South Africa's economic activity weakened again in October, but there are emerging signs that pressure on households and businesses may begin to ease. Independent economist Elize Kruger unpacks the latest PayInc Economic Index, the fuel price outlook, consumer behaviour, business confidence and the key economic trends to watch heading into…
11 Nov 12PM 10 min
All episodes