Nice if you can get it: estate living on rise as wealthy hole up in luxury
Research shows about half of SA’s dollar millionaires live in or have second homes in lifestyle estates
The desire for one-stop living in the Covid-19 era has propelled more South Africans, especially the wealthy, to seek refuge in swanky residential estates.
The trend has been reviewed by Sandton-based wealth intelligence firm New World Wealth and luxury lifestyle development Steyn City Parkland Residence.
New World Wealth’s head researcher Andrew Amoils found that, since June, an estimated 48% of SA millionaires, with wealth of $1m (about R15m) or more, live or have second homes in lifestyle estates...