Kalk Bay: The South African Fishing Village Where House Prices Increased by R1 Million Every Year Since 2020
The picturesque fishing village of Kalk Bay in Cape Town has experienced an unprecedented surge in property values, with house prices growing by R1 million annually since 2020. This remarkable growth is driven by soaring demand for real estate in the Western Cape, fueled by international and local buyers seeking coastal living.
Why Kalk Bay is Attracting Buyers
Both international investors and South African semigrants are flocking to Kalk Bay and surrounding areas for their:
- Stunning natural beauty
- High quality of life
- Reliable local governance
- Growing remote work opportunities
The weak rand makes these properties particularly attractive to foreign buyers, offering exceptional value in prime locations.
Property Market Boom in False Bay
According to Seeff Property Group and Lightstone data:
- Full-title house prices in Kalk Bay jumped from R4.9 million in 2020 to R9 million in 2025 (83% increase)
- Sectional title properties saw a 150% increase, from R2 million to R5 million
- Nearby areas like Fish Hoek, Simonstown, and Lakeside experienced similar growth
Who’s Buying in Kalk Bay?
Anton Liebenberg of Seeff False Bay reports:
- Sellers typically only move for life changes (downsizing, retirement)
- Buyers include:
- Families seeking coastal lifestyles
- Southern Suburbs residents moving closer to the sea
- International buyers who discovered the area as tourists
- Airbnb investors
Rental market highlights:
- Average rentals: R12,000-R23,000/month
- Premium sea-view properties command much higher rates
- Muizenberg particularly popular with surfing enthusiasts
Kalk Bay’s Transformation
Once primarily a fishing village, Kalk Bay has transformed into a tourist hotspot featuring:
- Vibrant fishing harbor with fresh seafood markets
- Charming main road with boutique shops and galleries
- Historic buildings housing trendy restaurants
- Colony of brown fur seals
The City of Cape Town’s investments in area upgrades, including the Muizenberg beachfront redevelopment, continue to enhance the region’s appeal.
Source: BusinessTech