Property Prices Continue to Grow Fast in Cape Town, Limpopo, and the Northern Cape

Property prices in Cape Town continue to rise faster than anywhere else in South Africa. This is according to the latest Residential Property Price Index (RPPI) from Statistics South Africa (Stats SA), which was published this week.

According to Stats SA, in October 2025 (the latest month for which the RPPI has data for), property prices in Cape Town had grown by an average of 10.0% compared to October the previous year.

In only two other metros did property prices rise by more than 5% in the year between October 2024 and October 2025. In Buffalo City, property prices grew by 8.1%, while in Johannesburg, they grew by 5.1%. Property price growth in other metros was as follows: Ekurhuleni 4.7%; Tshwane 4.4%; eThekwini 3.7%; Mangaung 3.4%; and Nelson Mandela Bay 2.2%. The overall price growth in metros as a whole was 6.9%.

When broken down by province, property prices grew by the most in two rural provinces – the Northern Cape and Limpopo. In Limpopo, property prices grew by 18.9% between October 2024 and October 2025, while increasing by 15.3% in the Northern Cape in the same period. No other province saw average property prices grow by more than 10%, although property prices did grow by 9.1% in the Western Cape over that period. Property price growth between October 2024 and October 2025 in the other six provinces was: North West 8.0%; Free State 5.3%; Mpumalanga 5.0%; Gauteng 4.6%; Eastern Cape 3.7%; and KwaZulu-Natal 3.3%.

Overall property price growth for the country as a whole was 6.8%.

The outperformance of Cape Town (and to a lesser degree, the Western Cape) can at least partly be attributed to better governance outcomes in the city and province, outperforming the rest of country on metrics such as service delivery and the rollout and maintenance of infrastructure.

Meanwhile, the growth in Limpopo and the Northern Cape can partly be explained by mining and agricultural activities. In Limpopo, the growth has also partly been driven by “semigration” to towns such as Hoedspruit in the south-east of the province, but there has also been strong growth in property prices in many of the province’s other big towns, such as Tzaneen, Mokopane, and Polokwane.