What R50 million will get you in Joburg versus Cape Town

Ever wondered how property prices in Joburg differ from Cape Town? Here is what R50 million will get you in Johannesburg versus Cape Town.

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PROPERTY PRICES IN JOBURG VERSUS CAPE TOWN

Over the past couple of years, Cape Town has claimed immerging tech hub status and has become a firm favourite among international investors.

In a recent report by Savills regarding Top Tech Cities around the globe, the mother city was named as an emerging center in the FinTech space. FinTech ranges from payment technologies and insurance tech to blockchain and cryptocurrency.

Meanwhile, according to PropertyTime, post-COVID, more people who moved to coastal provinces during lockdown are returning to Johannesburg in 2023. And although 2022 saw house prices in Gauteng skyrocket, 2023 had seen a decline in the average selling price for homes in the city, the estate agency reports.

Here is the type of home R50 million will get you in Johannesburg compared to Cape Town.

CAPE TOWN

Situated in the oldest wine-producing area, this seven-bedroom private villa exudes luxury. The home boasts seven suites, each with an en suite bathroom and access to the magnificent garden.

If you’re a fan of Cape Dutch architecture, this might just be your dream home. But don’t be fooled. The villa is upscale luxury at its finest and will cost you a mere R49 million, according to Pam Golding Properties.

Designed by Michael Dall, the villa features an open-plan lounge, dining room, fully fitted kitchen with wood and Caesarstone finishes, an integrated fridge/freezer, an integrated Gaggenau dishwasher, and a wood-burning fireplace.

In true Wineland’s style, the property also has a temperature-controlled cellar. There is also a tennis court, heated rim-flow salt, a chlorinated pool, and four wooden decks around the garden. The property of 7 555 square meters also has two wine-bearing vineyards.

Rates and taxes are estimated at R10 528 per month.

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Johannesburg

This 15 000 square property features a seven-bedroom double-storey build in Bryanston Johannesburg and will cost you a mere R45 million.

This sophisticated family residence is set in a park-like estate and offers lush gardens and pathways all around. The entrance hall features a spiral staircase that leads to a study, while the downstairs lounge boasts lofty ceilings with exposed trusses, exquisite sandstone flooring, and elegant French doors opening to the garden.

The dining room is perfect for dinner parties, while the spacious and modern kitchen opens to a central courtyard with impressive water features and a koi pond. The courtyard even features a beautifully designed central gazebo with fragrant lavender hedges and intricate herringbone walkways that creates a distinctly country atmosphere away from the bustle of our urban lifestyle.

Each of the five bedrooms in the home has beautiful views of the garden. And yes, what is a modern home without a cellar? The impressive temperature-controlled 5 000-bottle capacity downstairs wine cellar is definitely something to behold.

The heated indoor pool with water jet display will definitely make you the hostess with the mostest. Apart from the main house, the property also has a one-bedroom summerhouse, an outdoor pool, jacuzzi, pizza and braai area, one bedroom guest flatlet, and a floodlit tennis court.

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