|The Constantiaberg property market is running ahead of last year’s sales, according to area specialist Mike Greeff CEO of Greeff Properties, who reports the 120 unit mark being reached by the end of the July in spite of substantially increased values. |
Total unit sales for the area last year was 223. Constantiaberg includes Tokai, Zwaanswyk, Bergvliet, Lower and Upper Constantia, Kirstenhof, Plumstead and Wynberg.
Citing the Residential Property Price Ranger (RPPR), Greeff says the average Upper Constantia sales price for last year was R3,98 million whereas this year it has recorded a 24 percent increase to R4,64 million. Greeff says the increase is far above that of most Cape Town property this year.
His agency has recorded a 57 percent increase in sales over 2005 underpinned by some high priced homes valued at R12,4 million and R13,4 million.