EXPANDING INTO GREEN POINT

 

Today marks the opening of the new Fine & Country office in Green Point, Cape Town.

Fine & Country South Africa has experienced productive growth and attained over 60 licensees in just three years.

 

Green Point lies on the edge of the city centre and just behind the V&A Waterfront. The new office is positioned within a recent development along the Green Point main road. The entire area is in a stage of upgrade and the office is well situated across the road from the new soccer stadium currently under construction for the 2010 Soccer World Cup.

 

The office will cover the following areas, De Waterkant, Green Point, Waterfront, Mouille Point, Sea Point, Three Anchor Bay, Bantry Bay, Fresnaye, Clifton and Camps Bay. “The property market in these areas is in line with the current national market, however the Waterfront is still experiencing incredible growth with prices of R70 000 per square meter still being achieved and rising steadily,” says Fine & Country licensee, Martin Goodman.

 

Entry level batchelor apartments in Green Point are on the market at R550 000, two bedroom mid-level properties achieve R1,75-million in the Sea Point area and three bedroom apartments at the Waterfront are priced at R12-million. “There is almost no vacant land available and demand is extreme resulting in high prices,” says Goodman.

 

“The downturn in South Africa’s property market will not last forever. The market is expected to make a positive upward turn during the course of 2009 and the 2010 World Cup will also affect the property market positively. Coastal properties have been and will continue to be a great investment,” concludes Goodman.

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