Real Estate in Cape Town, South Africa

Last updated on Apr 18, 2023

Summary: The average cost of a nice 2 bedroom home in Cape Town, South Africa is around $400,000 USD. A nice 3 bedroom home in Cape Town is around $500,000 USD. These properties typically include modern amenities such as air conditioning, stainless steel appliances, and updated bathrooms. Foreigners are allowed to purchase property in Cape Town, however, they must obtain a permit from the South African Reserve Bank. An expat should search for a home to buy in Cape Town by researching the different neighborhoods and areas to find the best fit for their needs. The most desirable neighborhoods in Cape Town include Sea Point, Camps Bay, and Clifton. These areas are known for their beautiful beaches, stunning views, and vibrant nightlife.

How do I find a place to live in Cape Town?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Cape Town is to use online resources such as property websites, classifieds, and real estate agents. Property websites such as Property24, Private Property, and Gumtree are great resources for finding rental properties in the area. Additionally, classifieds such as OLX and Junk Mail are also useful for finding rental properties. Lastly, real estate agents are a great resource for finding a place to live in Cape Town, as they have access to a wide range of properties and can help you find the perfect place for you," said one expat in Cape Town.

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About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.