The average selling price for a house in Clifton is R43.9 million, with a single parking spot costing more than the average property in the country. According to the Seeff Property Group, the selling price for houses in Clifton is double that of Camps Bay, the second most expensive suburb in the country.
Seeff said that only roughly 20 houses and five apartments go on sale in the small suburb. Propstats data showed that close to R2 billion in sales were concluded in Clifton over the last five years, even considering Covid-lows. “Clifton benefits from a spectacular location between mountain and sea with some of the most exclusive homes in the country,” said Seeff.
“It also has the best Blue Flag beaches packed throughout the summer. It is almost impossible to find parking here in the summer, and if you want to spend a day at the beach, you need to come early.” Nettleton Road is the most expensive street in South Africa, perched high up against Lion’s Head.
With its privacy and views of the seaboard, houses in the area sell for over R100 million. Current prices in the area range from R69 million to R160 million. Jo Lombard, a luxury sales specialist with Seeff Atlantic Seaboard, said that prices could reach R200 million once the economy and market start moving vigorously.
At least three high-end sales of over R20 million were made by Gauteng buyers, with another two from KZN. “Clifton is not just scenically superior to most other luxury suburbs in the country but ha.