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Cape Town’s luxury homes still offer ‘great value’In London, R30m can buy a three-bedroom semi-detached house in trendy Camden, while in Cape Town’s Noordhoek it gets you an absolutely lavish mansion…Global prime property hotspots Cape Town was the top ranked African holiday hotspot, 47th on the global list, and Monaco tops the list in the Top 20 holiday hotspots for the rich.Expectations for another interest rate cut in November On 21 November 2024, the Monetary Policy Committee will deliver their decision regarding the interest rate. With South Africa's inflation easing and global central banks cautiously beginning rate cuts, the overall sentiment is that there is likely to be a further cut of around 0.25%.