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Cape Town gets Top 10 spot for soaring luxury property prices

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(iStock)
(iStock)

Cape Town - The Mother City ranks 9th out of 41 on the latest Knight Frank Prime Global Cities Index for the second quarter of 2017.

The index tracks the movement in luxury residential prices across 41 cities worldwide. It looks at the top 5% of the housing market in each city. Overall the index climbed 4.4% in the year to June.

According to Knight Frank, its Prime Global Cities Index enables investors and developers to monitor and compare the performance of prime residential prices across key global cities.

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