Seeff Property Group reports that the Cape Town luxury property market is booming, with many foreign buyers unconcerned about their investment regardless of what’s being said in the US.
The recent interest rate hikes and rising inflation in South Africa may have deterred some would-be homebuyers, but the luxury property market remains surprisingly resilient despite the economic pressure.
Quarterly year-on-year rental growth continues to climb nationally with growth of 2.6% recorded during the second quarter of 2022.
The adage “location, location, location” could have been written for Camps Bay. As an investment, according to agents in the area, you can’t go wrong.
