The 2024 Knight Frank Wealth Report is out and it reveals that luxury real estate prices climbed by 3.1% in 2023, with Cape Town properties ranking in the top five.
Savills’ Prime Residential World Cities Index lists the next four forecasted highest-growth markets.
An analysis of the average selling prices across the country by the Seeff Property Group this year reveals that nine of the most expensive suburbs are in Cape Town. Only Sandhurst from the Sandton/Joburg area makes it into the top ten.
During Q3 2023, the Western Cape’s sales totals trumped that of Gauteng’s sales totals, despite it being a smaller region. Semigration combined with a recovering tourism sector along the Atlantic Seaboard has seen demand drive rentals up by 20% – 35% and more.
The City of Cape Town has announced that it will be launching a homeownership ‘No Cost Transfer Programme’ to enable qualifying City-tenants to become owners of their rental units over the next three years.
Since its launch in 2008 Airbnb has become a major, international player in the short to medium term rental market, with a current net worth of around $74 billion.
According to a report recently released, the South African property market has shown mixed fortunes during the first half of 2022.
Press Cape Town’s highly publicised water shortage has caused more than just the dams to dry up. Local experts say demand for property in the
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A massive re-urbanisation of the Foreshore area has begun, says Rob Kane, the Chairperson of the Cape Town Central City Improvement District (CCID). “As the