A survey recently carried out by the respected property analysts, Lightstone, has revealed a range of statistics that will be of interest to anyone keeping track of property trends in South Africa today, says Rowan Alexander, Director of Alexander Swart Property, the Cape Town estate agency headquartered at Brackenfell.
After a four year high of unprecedented double-digit growth, South Africa’s strongest market took a knock in 2017 with a significant drop in sales volumes and price growth, but the new year has got off to a promising start with a record apartment sale price and three sales within 24 hours of listing.
The Atlantic Seaboard has for many years been regarded as one of the most desirable residential addresses in South Africa, with skyrocketing prices and consistent double digit returns firmly positioning the upper end of the market in the prestigious luxury home category, increasingly peppered with trophy homes.
South Africa's serious property buyers are gearing up to bid for possibly the largest piece of vacant land made available for sale along the Atlantic Seaboard in Cape Town.
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