Cape Town Real Property Prices Surge 63% Since 2010 as Other Metros Stagnate

Real residential property prices in Cape Town have surged by 63% since January 2010, significantly outperforming all other South African metropolitan municipalities, according to data compiled by Codera Analytics.  

Drawing on StatsSA and EconData figures adjusted for owners' equivalent rent inflation through May 2026, the analysis illustrates a sharp divergence in regional economic performance. While Cape Town recorded sustained real value growth, property markets across competing metros largely stagnated. Johannesburg registered a 2% decline in real terms over the same 16-year period, underscoring how governance stability and investor confidence continue to distinguish Cape Town’s property market.