Latest properties in Newlands, Pretoria

Figures just released by FNB confirm what astute observers have known for some time: luxury home prices are static or declining in many of SA’s most sought-after suburbs and sellers are much more willing to negotiate, so this is the best time to buy in those areas.

After a tumultuous three years, a number of significant shifts have begun to notably impact the real estate market, which is clearly evidenced by a recent Lightstone report revealing current purchasing trends in the Western Cape, including the latest top suburbs and streets.

Lifestyle and convenience are key factors underpinning the market resilience in upmarket Newlands where median prices have continued to steadily rise, despite the flagging economy and political uncertainty.