2008 News Archive - Holidays - Cape Town's Clifton 'top address'
05 03 2007
South Africa's third largest city Cape Town is fast becoming one of the most desirable property hotspots in the world.
In particular the ultra-exclusive suburb of Clifton is attracting a lot of attention as millionaires and billionaires look to secure a property in this tiny suburb on the country's much sought-after Western Cape.
Huge demand and minimal supply has led to prices in Clifton rocketing, the area has only had 115 become available in the past six years, Eprop reports. An ordinary four bedroom bungalow in Clifton will cost as much as R60 million (around £4 million).
Chelsea's billionaire owner Roman Abramovich was recently in the area, as well as a number of other VIPs recently attracted to Cape Town, according to Rob Stefanutto, Sotheby's International Realty director.
He told Eprop: "Although you wonâ€™t read about it in the media, many US and UK celebrities own property in Clifton already and secretly visit Cape Town on a regular basis."
People have long been coming to Cape Town for the glorious array of beaches and pleasant weather conditions, while the views offered by globally renowned tourist attraction such as Table Mountain and Cape Point are world class.
Because of the city's unique geography it is possible to visit several beaches in one day, with each one offering something very different to the last. There are the beaches on the Atlantic coast, False Bay, Boulders Beach and Clifton, each with their own very different atmosphere but all with stunning vistas across the ocean.