SA seaside village popular with foreign buyers
A small seaside village near Cape Town attracted the highest number of foreign property buyers in 2024.
A stunning seaside village in the Western Cape attracted the highest proportion of foreign property buyers in South Africa last year.
According to BusinessTech and the latest data from Lightstone Property, foreigners purchased more than half of the homes sold in Scarborough, Cape Town, during that period.
The data also revealed that the Western Cape was the preferred destination for foreign property buyers in South Africa, with the province having the top 22 suburbs with the highest proportion of foreign purchasers.
Scarborough, South Africa: A seaside dream
Scarborough, a small and picturesque seaside village on the southern tip of the Cape Peninsula, lies within the City of Cape Town metropolitan area but retains a peaceful, rural charm.
Authorities have designated Scarborough as a conservation village, enforcing strict regulations to protect its natural surroundings.
Property data shows that average home prices in Scarborough have surged over the past decade, climbing from R2.30 million in 2016 to R7.85 million in 2025—a remarkable 241% increase.
Foreign property buyers are also flocking to Chapmans Peak, Bakoven, De Waterkant, and Cape Town Centre, BusinessTech has reported.