Golf lovers are spending millions to live on estates in South Africa.
There has been a demand boom for homes on gold estates following the conclusion of the Covid-19 pandemic.
Particularly in the Cape, the value of some estates has practically doubled over the last five to eight years. Rental rates for golf estate homes have also skyrocketed, with high-end areas, such as Constantia or the Winelands, seeing rental returns of above R60,000 to over R100,000 per month. However, not all buyers are moving to the Cape, with Centurion and Pretoria East, Zimbali and Hartbeespoort all seeing demand grow.
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