Cape Town property prices surge 12%, more than twice Johannesburg's increase

Residential property prices in Cape Town rose 12% in the year to June 2026, compared with 4.9% in Johannesburg, according to Statistics South Africa’s index. Cape Town recorded the largest increase among the metropolitan areas covered, ahead of Ekurhuleni at 7.2%, while the national metropolitan average was 8%. At provincial level, property price inflation was 11.6% in the Western Cape and 4.9% in Gauteng. Numbeo estimates monthly rent for a one-bedroom city-centre apartment at R17,188 in Cape Town, compared with R8,620 in Johannesburg.