Residential property makes up between 30% and 35% of the net assets of the average Africa High Net Worth Individual according to The AfrAsia Bank Africa Wealth Report from New World Wealth. Photo: Matthew Jordaan / African News Agency (ANA)
DURBAN  - Residential property makes up between 30% and 35% of the net assets of the average Africa High Net Worth Individual according to The AfrAsia Bank Africa Wealth Report from New World Wealth. 

A High Net Worth Individual (HNWI) according to the report is a person that is a person that has a wealth of $1 million or more. 

Properties that are popular with HNWI include luxury apartments, beachfront villas and homes in residential estates. 

Below is a table that shows the top ten most expensive cities in Africa for residential property:

Ranking City US$ per square metre (2017)
1. Cape Town (Bantry Bay and Clifton) 6100
2. Durban (Lagoon Drive in Umhlanga) 2900
3. Johannesburg (Central Sandton) 2800
4. Nairobi 1900
5. Marrakesh 1800
6. Tangier 1800
7. Mombasa 1700
8. Luanda 1700
9. Casablanca 1500
10. Accra 1200

The other cities that were also mentioned on the list but didn't feature in the top ten include Lagos, Abidjan, Maputo, Cairo and Kampala. 

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