Cape Town City Centre property prices, October 2026
In the 12 months to Sep 2026, the median apartment in City Centre sold for R2.41m, based on 2,816 registered sales recorded by Sellect since 2023. Comparing sales in the same buildings, apartment prices are up 23 % since 2023.
Value my City Centre homeCape Town's City Centre is one of the busiest apartment markets in the city: about 800 sales a year, almost all apartments, a median of R2.41m for 48 m², and like-for-like prices up 23 % since 2023.
Data: City of Cape Town public records, 2,816 registered sales, last updated October 2026.
By Samantha, Sellect · Sales registered Jan 2023 to Sep 2026 · Updated 21 October 2026 · MethodCity Centre in 60 seconds
City of Cape Town registered sales · method at the bottom of the pageSmall units, big volumes
Registered transfers take weeks to reach the City’s records, so the most recent months are still filling in. Price trends compare the same buildings over time.
Between January 2023 and September 2026, 2,816 homes were registered as sold in the City Centre, worth R7.5bn. Sales held at 743 to 832 a year, and their value went from R1.8bn in 2023 to R2.4bn in 2025. Nearly every sale is an apartment, and many are studios and one-bedroom units bought to let.
These are neighbourhood medians: your own building, floor, view and condition move the price. For a figure built on the sales around your address, get a free property estimate in City Centre, in 60 seconds.
Apartment prices per m², same buildings
Index, 2023 = 100. Each sale is compared with other sales in the same building, so a run of big or small units does not distort the trend.
Value of homes sold each year
Sum of registered sale prices, apartments and houses. 2026 is partial: January to Sep 2026 so far.
Apartments and houses
- Apartments674 sales · median 48 m²R2.41m
- Houses4 sales · median 100 m² living areaR5.80m
Last 12 months, median prices. Houses are rare here: almost every sale is an apartment.
What homes sell for
Sales registered since January 2025, all homes.
From entry to top
In the last 12 months, eight apartments in ten sold between R1.40m and R4.97m. The cheapest went for R940k and the most expensive for R16.67m.
Last 12 months of registered sales.
Price by apartment size
| Size | Sales | Median price | Median price per m² |
|---|---|---|---|
| Studio (under 45 m²) | 537 | R1.80m | R59,600 |
| 45 to 70 m² | 346 | R2.44m | R43,513 |
| 70 to 100 m² | 209 | R3.30m | R40,845 |
| 100 to 150 m² | 92 | R4.22m | R35,417 |
| Over 150 m² | 49 | R6.62m | R28,509 |
Apartments sold since January 2025. In the City Centre the price per m² falls as units get bigger: studios sell for about R59,600 per m², units over 150 m² for about R28,500. Small units cost more per m² because they are what investors and short-let buyers compete for.
Latest registered apartment sales
| Building or street | Registered | Size | Price | Price per m² |
|---|---|---|---|---|
| The Adderley, Adderley Street | Sep 2026 | 63 m² | R1.40m | R22,222 |
| Riebeek Street | Aug 2026 | 48 m² | R2.60m | R54,167 |
| Cardiff Street | Aug 2026 | 50 m² | R2.55m | R51,000 |
| Church Square House, Spin Street | Aug 2026 | 130 m² | R3.60m | R27,692 |
| Liddle Street | Aug 2026 | 44 m² | R4.35m | R98,795 |
| 34 St George's, St Georges Street | Aug 2026 | 63 m² | R1.91m | R30,317 |
| The Adderley, Adderley Street | Aug 2026 | 43 m² | R2.33m | R54,070 |
| Keerom Street | Aug 2026 | 38 m² | R1.90m | R50,000 |
| Bree Street | Aug 2026 | 35 m² | R3.50m | R100,000 |
| St Georges Street | Aug 2026 | 26 m² | R1.20m | R46,154 |
The 10 most recent apartment sales registered in City Centre, as published by the City of Cape Town. Unit numbers and owners are not shown.
From the cheapest to the record
Cheapest apartments, last 12 months
- Longmarket Street26 m² · Oct 2025R940k
- Longmarket Street28 m² · Oct 2025R950k
- Longmarket Street33 m² · Mar 2026R950k
Most expensive apartments since 2023
- Loop Street584 m² · May 2025R25.30m
- 15 on Orange, Greys Pass339 m² · Mar 2023R25.00m
- Dixon Street212 m² · Feb 2025R18.65m
- Bree Street210 m² · May 2023R17.95m
From entry to top
In the last 12 months, the cheapest apartment sold for R940k and the most expensive for R16.67m. Eight in ten apartments sold between R1.40m and R4.97m.
57 buildings traded, led by Mandela Rhodes Place
Sectional-title schemes with at least 5 registered sales since January 2023. Prices per m² are medians over the whole period.
Mandela Rhodes Place on Wale Street is the most traded building, with 76 sales since 2023 worth R218m, ahead of The Square and Icon. The highest prices per m² are at The Rockwell on Prestwich Street (R50,000) and Quayside on Prestwich Street; the lowest at Lynwol Flats on Hope Street, near R19,432.
| Building | Sales | Median price | Median size | Price per m² | Range |
|---|---|---|---|---|---|
| Mandela Rhodes PlaceWale Street | 76 | R2.35m | 68 m² | R30,882 | R1.30m to R11.33m |
| The SquareBuitenkant Street | 63 | R1.27m | 43 m² | R28,966 | R750k to R3.50m |
| IconHans Strijdom Avenue | 57 | R2.40m | 72 m² | R35,648 | R1.30m to R7.25m |
| Senator ParkKeerom Street | 54 | R1.37m | 43 m² | R32,002 | R638k to R1.85m |
| HarbouredgeHospital Street | 32 | R3.25m | 99 m² | R38,423 | R1.55m to R9.50m |
| The Piazza on Church SquareAdderley Street | 31 | R2.30m | 77 m² | R33,333 | R1.40m to R7.30m |
| Cannon GardensHarrington Street | 27 | R1.79m | 61 m² | R30,328 | R1.10m to R2.98m |
| The AdderleyAdderley Street | 25 | R2.60m | 64 m² | R36,220 | R1.40m to R4.60m |
| The RockwellPrestwich Street | 25 | R4.15m | 84 m² | R50,000 | R2.70m to R6.20m |
| Victoria JunctionPrestwich Street | 23 | R3.00m | 81 m² | R39,831 | R1.80m to R13.00m |
The 10 most traded buildings in City Centre since January 2023. Building names link to their own price page.
Highest price per m²
- The RockwellPrestwich Street · 25 salesR50,000/m²
- QuaysidePrestwich Street · 21 salesR40,278/m²
- Victoria JunctionPrestwich Street · 23 salesR39,831/m²
- Victoria CourtLong Street · 13 salesR39,394/m²
- HolyroodQueen Victoria Street · 10 salesR39,355/m²
Lowest price per m²
- Lynwol FlatsHope Street · 14 salesR19,432/m²
- Trafalgar CentreHeerengracht Boulevard · 21 salesR23,191/m²
- FlatrockBuiten Street · 18 salesR24,074/m²
- Guarantee HouseBurg Street · 6 salesR24,691/m²
- RijckshofJetty Street · 12 salesR25,338/m²
Often older blocks, smaller balconies or no view: the gap is also an opportunity to renovate.
Most traded streets
- Bree Street256 sales · R71,755/m²R2.69m
- Heerengracht Boulevard227 sales · R54,054/m²R1.85m
- Loop Street186 sales · R53,405/m²R2.20m
- Martin Hammerschlag Way172 sales · R61,155/m²R1.75m
- Hans Strijdom Avenue170 sales · R49,066/m²R1.69m
Median apartment price per street.
All buildings in City Centre with their own price page
Every sale, the price per m² by year, the trend and an estimated rent, building by building.
Steady gains, and real discounts
Built from units registered twice since January 2023 and from sales compared with similar-sized units in the same building.
200 homes were bought and resold within the period: 92 % sold for more than they paid, with a median gain of 25 % after 22 months, about 14 % a year. Discounts do happen in a market this size: 22 sales since January 2025 went for at least 20 % below similar units in the same building.
Biggest resale gains
- Vredenburg Lane29 m² · bought Mar 2023 for R500k, sold Jun 2024+158 %
- Long Street69 m² · bought Feb 2023 for R1.20m, sold Sep 2024+121 %
- Icon, Hans Strijdom Avenue108 m² · bought Mar 2024 for R1.84m, sold May 2026+107 %
- Two Twenty Loop Street, Loop Street67 m² · bought Sep 2023 for R1.80m, sold Apr 2026+100 %
- Harbouredge, Hospital Street64 m² · bought Apr 2023 for R1.65m, sold Apr 2025+88 %
Units bought and resold between January 2023 and Sep 2026, held at least 12 months for this list. Big jumps usually follow a renovation.
Sold well under their building’s price
- Mandela Rhodes Place, Wale Street186 m² · Jan 2025 · building median R31,282/m²R3.30m−43 %
- The Piazza on Church Square, Adderley Street78 m² · Mar 2025 · building median R32,812/m²R1.46m−43 %
- The Adderley, Adderley Street63 m² · Sep 2026 · building median R37,359/m²R1.40m−40 %
- Greenhill Park, Roeland Street142 m² · Feb 2025 · building median R27,299/m²R2.35m−39 %
- De Oude Schuur, Bree Street329 m² · Jul 2025 · building median R36,564/m²R7.40m−38 %
22 sales since January 2025 went for 20 to 45 % less per m² than similar units in the same building. Condition, a low floor or a quick sale usually explain it. These are the deals buyers look for.
What an apartment rents for
A median 48 m² apartment in City Centre would rent for about R14,300 a month, a gross yield of about 7.1 % and about 4.7 % net after rates, levies, management and empty months.
Sellect estimate from the price level, not observed rents. Rental yield in City Centre by apartment size.
Where does yours sit?
These are neighbourhood figures. Your building, floor, view and condition move the price. Your free report compares your unit with the sales in your own building.
Get my free estimateWhat is your City Centre home worth today?
Enter your address: a value range built from the sales above, the comparables in your building and your monthly rent, in 60 seconds. Free, and no agent will call you.
Greenmarket Square, Bree Street and the Foreshore
Places and facts checked in October 2026, with sources at the bottom of the page. Opening hours and routes change: check before you go.
Cape Town City Centre fills the flat ground between the Foreshore and the Company's Garden, with the Bo-Kaap and Signal Hill on one side and Table Mountain behind. Its grid of Bree, Loop and Long Streets mixes office towers, old shopfronts, galleries and a growing number of apartment blocks, and its western edge takes in part of De Waterkant's cottage streets near Somerset Road.
Greenmarket Square
The historic heart of the old town, between Long Street and St George's Mall, with a craft and curio market. The Old Town House of 1761 on the square holds the Michaelis Collection of art.
First Thursdays
On the first Thursday of each month, galleries and creative spaces around Bree Street and Plein Street stay open into the evening, and the city centre fills with people on foot.
Iziko Slave Lodge
The Iziko Slave Lodge, one of the city's main museums, stands on Adderley Street and has its own MyCiTi stop.
Adderley and Civic Centre stations
MyCiTi's Adderley station sits next to the main railway station and the Golden Acre, about 400 metres from Civic Centre station on the Foreshore, the hub for most bus routes.
Hospital on the Foreshore
Netcare Christiaan Barnard Memorial Hospital moved into a purpose-built 16-storey building on the Foreshore in December 2016.
More homes in town
Between 2021 and 2025, 22 mainly residential projects added about 3,260 apartments in the central city, and residential schemes still lead the development pipeline.
Coffee and tables
FYN
Japanese technique meets South African produce on the fifth floor of Speakers Corner on Parliament Street; Eat Out Restaurant of the Year 2026.
Galjoen
Sustainable seafood restaurant on Harrington Street in the East City.
Ouzeri
Greek and Cypriot taverna on Wale Street, cooking traditional dishes with local produce.
Le Pickle
Smash-burger spot that opened at 215 Bree Street in early October 2026.
What residents deal with
A managed downtown
The Cape Town Central City Improvement District, running since 2000, adds public safety officers (327 in 2025), cleaning, urban management and social development across about 1.6 km², working with SAPS and the City.
Bree Street on a diet
Since May 2026, a six-month pilot has cut Bree Street between Shortmarket and Wale to one lane each way, with wider pavements, seating and planters. It will be reviewed on public feedback, so expect changes to traffic and loading.
Cranes for years to come
The CCID counted 29 developments in its pipeline in 2025/26. The Madison, a 23-storey tower with 383 apartments on the block bounded by Bree, Buitengracht, Dorp and Leeuwen, is due to start building in early 2027 and finish in mid-2029.
Short-term letting rules ahead
A draft City by-law would make every short-term rental register and could charge commercial rates on homes available for short stays for more than 50 % of the year. Public comment closed on 5 October 2026; it is not law yet.
Frequently asked questions
How much does an apartment cost in City Centre in 2026?
Over the last 12 months of registered sales (to Sep 2026), the median apartment in City Centre sold for R2.41m, or R51,881 per m². Eight in ten apartments sold between R1.40m and R4.97m, depending on size, building and view.
Are property prices going up in City Centre?
Yes. Comparing sales within the same buildings, apartment prices per m² are up +23 % since 2023 and moved +9 % in 2025 alone.
How many properties sell in City Centre each year?
825 homes were registered as sold in 2025, worth R2.4bn in total. 2026 registrations are still being recorded.
Which buildings sell the most in City Centre?
Since January 2023 the most traded buildings are Mandela Rhodes Place (76 sales), The Square (63 sales), Icon (57 sales), Senator Park (54 sales).
What rental yield can I expect in City Centre?
A median 48 m² apartment rents for about R14,300 a month, a gross yield of about 7.1 %. Net yield, after rates, levies, management and empty months, is about 4.7 %. Your free yield report calculates it for your unit.
Who looks after safety and cleaning in the Cape Town CBD?
The Cape Town Central City Improvement District, funded by property owners, runs public safety officers, cleaning and urban management on top of City services, and works with SAPS. It covers the traditional CBD from the Foreshore to the Company's Garden.
Can I rent out a city centre apartment on Airbnb?
Yes, today, subject to zoning and your building's conduct rules, which many sectional-title schemes use to limit short stays. A draft City by-law would add compulsory registration and possible commercial rates for homes let short-term for more than 50 % of the year; comment closed on 5 October 2026.
Where do these figures come from?
From sales registered at the Deeds Office and published by the City of Cape Town, matched with the City’s 2025 General Valuation Roll: 2,816 usable sales in City Centre between Jan 2023 and Sep 2026. Bundles, parking bays, storerooms and implausible prices are excluded. Rents are Sellect estimates. Figures are medians and indicative, not a valuation.
Compare with nearby neighbourhoods
Median price per m² of apartments sold since January 2025, same source and method on every page.
- Greenmarket Square (Wikipedia)
- Capetowner: First Thursdays, June 2026
- IOL: spots you can reach with MyCiTi
- MyCiTi: Adderley Street station
- Netcare: new Christiaan Barnard Memorial Hospital
- Engineering News: CCID State of the Central City report
- Cape Town CCID (Wikipedia)
- IOL: Bree Street pilot project
- dhk Architects: The Madison on Bree Street
- EWN: proposed short-term letting by-law
- FYN: Restaurant of the Year 2026
- Eat Out: Galjoen
- The Infatuation: Ouzeri
- Time Out: Le Pickle opens on Bree Street