Cape Town - Cape Town and Johannesburg rank among the top 50 so-called alpha cities in the world.
These are cities which are attractive to the ultra-rich when they decide on where to buy luxury real estate in a city, according to the Wealth-X Global Property Handbook. It was compiled in collaboration with Warburg Realty and Barnes International Realty.
The first edition of the handbook reviews the luxury real estate market and explores the buying habits of the world’s wealthiest people. These ultra-high net worth individuals (UHNWs) have a net worth of $30m (about R400m) or more.