It’s no secret that down here in the Mother City property prices are skyrocketing.

Take for example Green Point and Sea Point, where the average price of property sold in the former has increased by around R2 million in the past twelve months alone (HERE).

Those rapidly increasing prices have seen Cape Town place third in the top prime price performers in the second quarter of 2016, according to the latest Prime Global Cities Index by international property consultancy Knight Frank.

First and second was nabbed by Vancouver and Shanghai respectively, but here’s Fin24 with more on Cape Town:

Cape Town’s annual property price growth reached double figures in the year to June 2016. Previous price changes for Cape Town were significantly less. December 2015 to June 2016 showed a 5.6% change and March 2016 to June 2016 a 3% change.

“When compared to the 16.1% change in the 12 months from June 2015 to June 2016, it can only mean extremely positive things for the local industry’s growth,” according to Knight Frank.

I guess there’s never been a better time to buy than now, because those prices are just getting more and ridiculous with each passing quarter.

Your full list of cities below:

[source:fin24]