Two prestigious suburbs in South Africa where nearly half of all homes go to wealthy foreign buyers

• Two prestigious suburbs in South Africa where nearly half of all homes go to wealthy foreign buyers are Bakoven and Camps Bay in Cape Town.
• Bakoven and Camps Bay are among South Africa's most expensive residential property markets, with property prices often reaching tens of millions of rand due to their limited size and proximity to the shoreline.
• The influx of foreign buyers in these suburbs has raised concerns about the impact on local property prices and availability, potentially pricing out long-term residents and locals.