Latest properties in Salt River, Cape Town

Predictably, 2018 was another subdued year for the Cape Town real estate market as sales volumes continued to decline, but it was not all doom and gloom as property values remained relatively consistent and several areas, particularly in the south, proved encouragingly resilient.

With an eventful 2018 drawing to a close and the new economic year a largely unknown entity, many homeowners are considering what the markets may be doing in 2019.

During the past five years, the Western Cape housing market flourished even as the national economy – and the balance of the housing market – lost momentum. Leading the pack in terms of house price growth were the suburbs surrounding the City Centre, with the top performing sub-regions in the Cape Metro property market last year being the Atlantic Seaboard at 18.3% and the City Bowl at 15.1%.