The small SA town where property prices grow by R1m each year
Demand for property in South Africa's Western Cape has increased tenfold, with property prices in some areas surging by the million each year.
As reported by BusinessTech , these areas, especially the smaller seaside towns, are attracting both local and foreign property buyers.
One such popular area is the fishing village of Kalk Bay, which has seen property prices go up by R1 million every year since 2020.
Kalk Bay, a small, quirky fishing village on the False Bay coast of Cape Town, is known for its bohemian vibe, colourful harbour, and mix of old-school charm and modern edge.
BusinessTech reported that from 2020 to 2025, house prices in areas along False Bay increased from 20% to as much as 150%.
According to Lightstone Property and Seeff Property data, Kalk Bay full-title house prices increased from R4.9 million in 2020 to R9 million at the start of 2025 – a staggering 83% increase.
On average, sectional title property (apartments, town houses) prices also increased by 150% over the same period, from R2 million to R5 million.
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