Gautengers and international buyers spent more on luxury homes in Cape Town this year
14 Dec 2023
The luxury property market above R20 million enjoyed another good year, although mostly in Cape Town with Gauteng buyers spending more on super luxury property this year, according to the Seeff Property Group.
House prices continue to rise and listing times drop as ongoing semigration fuels the market in Cape Town's Southern Suburbs
04 Dec 2023
Since the revival of semigration in 2021, the surge in market activity in the Southern Suburbs has continued unabated with the steady rise in demand leading to a drop in the time properties are spending on the market as well as a declining gap between asking and selling price.
Activity within the South African property market has begun to cool down, largely owing to higher interest rates and an unstable electricity supply. However, some parts of the country seem less affected than others by the tightening market conditions.