The richest neighbourhood in Africa where homes sell for £2.3 million

Sandton city centre. (Image: Getty)

Africa has plenty to offer with many countries on the world’s second biggest continent developing quickly. 

And with development also comes money with some nations already benefitting from expansion and globalisation.

One of those places is the richest neighbourhood in Africa, which can be found in Johannesburg, South Africa.

According to the Henley & Partners Africa Wealth Report, the city is home to over 12,000 millionaires, 25 centi-millionaires (those worth £100 million or more), and two billionaires. 

And, Johannesburg’s northern district of Sandton is often called "Africa’s richest square mile".

Sandton is often called 'Africa’s richest square mile'. (Image: Getty)

Just like the name suggests, the neighbourhood is a place where luxury and business come together.

Sandton is named after the suburbs of Sandown and Bryanston and is famous for its upscale lifestyle, corporate headquarters, and exclusive residential estates. 

Some homes in the area sell for more than £2.3 million, but luckily there are also stunning properties for far less. 

For example, one six-bedroom riverside home with a swimming pool is listed at £873,469, according to property listings on Rightmove. 

Multi-bedroom homes can also be found for under £500,000 - prices far below those in some of Europe’s most expensive areas.

Sandton is named after the suburbs of Sandown and Bryanston. (Image: Getty)

Craig Hutchison, CEO of luxury property firm Engel & Völkers South Africa, told Mansion Global that Sandton offers "a vibrant, fast-paced metropolitan lifestyle with all the amenities on offer" and boasts a warm, subtropical climate that makes it an attractive choice for high-net-worth individuals.

Beyond its luxurious homes, Sandton is a big business hub, home to some of Africa’s largest banks and companies. 

Johannesburg as a whole is also full of history and culture, with landmarks such as the Apartheid Museum and Constitution Hill telling the story of South Africa’s struggle against apartheid. 

The streets of Soweto are another must-see for visitors.

Corporate office building in Sandton. (Image: Getty)

With a population of over eight million people, Johannesburg has a thriving economy driven by industries like finance, IT, and manufacturing.

However, the city also grapples with challenges, including crime, inequality, and housing shortages. 

In good news, efforts are ongoing to improve urban spaces and create safer living environments for residents.