The Atlantic seaboard suburb of Camps Bay saw average house prices surge by 56% over the past year to R7m in March 2008, up from an average sales value of R4.48m in March 2007.

That places Camps Bay as SA's most expensive suburb in SAPTG's monthly top 10 survey of highest average sales value achieved.

SAPTG's data, which is sourced from the Deeds Office, applies only to property transfers of up to R20m.
The survey is divided between suburbs were 10 or more sales are achieved per month and suburbs with less than 10 sales.

The Cape Town suburb of Constantia ranked second after Camps Bay as the highest-priced residential neighbourhood in SA (10 or more sales) with an average sales value of R 5.95m.
Posh golf resort Zimbali on KwaZulu-Natal's north coast claimed third spot in March, with an average sales value of R3.65m. That's growth of 21% in 12 months.

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