Cape Town real estate market — prices, rental yield and trend
- Average price: $2,250 / m²
- Gross rental yield: 9.49%
- 12-month price change (USD): 18%
- Price basis: local-market average
Cape Town is one of the faster-moving markets Glopra tracks: the average residential square metre now costs $2,250, +18% in dollar terms over the last twelve months. That makes it the 55th most expensive of the 70 markets in the set. In local currency the same twelve months read +10.5%; the 7.5-point gap is the exchange rate, not the housing market.
What a buyer pays in Cape Town
The $2,250 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Against the South Africa national average of $1,064, Cape Town carries a 111.5% premium — the gap between this market and the country as a whole.
What it earns
Long-term letting returns about 9.5% gross on the purchase price, 2nd of 69 markets by gross yield. Short-term letting is a different business with different costs, but for reference the short-let yield here works out at about 14.4%, on an average daily rate of $138 and 43.2% occupancy.
How this figure is built
The price figure for Cape Town comes from the source we judge most reliable for this market. It was last refreshed on 2026-07-23. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Cape Town be compared with a country average or another city.
Sources: GPG yields · globalpropertyguide.com · theafricanvestor.com · airroi.com. Snapshot: 2026-07-23.
Latest Cape Town market analysis
Related markets: South Africa