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Monday Jan 25, 2010

Cape Town tops desirable list

If status is important to you and money is no object, then the finest possible place to live is Cape Town - Steenberg golf estate, to be precise.

Steenberg, along with beach paradise Clifton, topped the list of South Africa's best suburbs compiled by property data services provider Lightstone, which took the average predicted value of properties per suburb and were able to provide the top suburbs in the Western Cape, Gauteng, KwaZulu-Natal as well as a national list.

The results show that Cape Town and the Western Cape have a whopping 10 spots in the top 20 national list.

Gauteng is next with five spots, while KZN features once on the list.

In Gauteng, the best suburbs include Johannesburg's Westcliff, Dunkeld, Inanda, Atholl and Hyde Park. In KZN it is Zimbali, Everton, Herrwood Park, Umhlanga Rocks and Simbithi.

In the Cape and the Western Cape it is Steenberg, Clifton, Pezula golf estate, Knysna, Llandudno and Bishopscourt.

Lightstone's Hayley Ivins said the company used the most recent residential property price data and combined several statistically robust valuation approaches. Data was drawn from a variety of sources - including the Deeds Office and the Surveyor General - and was augmented by data from secondary sources such as banks and physical property assessors.

Ivins said the list could change dramatically by 2011.

The Star

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