Properties and houses for sale in Retreat, Cape Town, 1-2 of 2

Property sales in St Francis Bay have rocketed in the past two years, and with supply exceeding demand by quite a margin, the average home sale price is now almost 60% ahead of the average for the previous 24 months.

For so many people, Covid-19 has been very emotionally and financially challenging but, at the same time, global wealth also grew during the past two years, resulting in a 10% increase in High-Net-Worth (HNW) individuals worth over $30 million and, along with it, a spike in the demand for luxury real estate.

Temperatures may not often drop below zero in South Africa, but it can still get very cold and most homes are built for enjoying long summer days, not for keeping the winter chill at bay.