While the last few years have seen South Africa’s housing market experience a sluggish time,Cape Townreal estate, particularly in certain suburbs, has bucked this trend and managed to outperform the national average once again.Cape Town’sproperty market consistently displays remarkable resilience,...
it is very expensive. The costs of the land then drive up the prices and it is not unheard to be expected to pay up to R30 000 per sq m for a tiny 35 sq m apartment in the CBD of Cape Town or Johannesburg.
Sellers are not in a rush to sell and are sticking to their asking prices. There is no demand to buy office space, especially in the Cape Town CBD. Many businesses have staff who are operating remotely or due to a decline in turnover, are operating from home....
BlackBrick’s second development is a remodelling of a 1950s Art Deco office block in the heart of Cape Town’s CBD. Here 100 luxury micro apartments will be complemented with a compelling mix of hospitality amenities, including cinema, workspaces, boxing gym, rooftop cl...
The recent introduction of micro-units in Cape Town CBD and surrounds is also a response to strong demand from first-time buyers who want a lock-up-and-go lifestyle and to enjoy downtown living. This has been a key driver behind the shift in housing in South Africa from freehold ...
even under R1.5 million for an older flat. Everything is very conveniently located, so you can often walk to the beaches, shops and even the schools. “We have excellent rail services into the Southern Suburbs and CBD and a number of roads out of the area into the city, s...
“The higher deposit requirements due to banks only offering around 60 to 70% bonds on commercial properties, can seem a steep point of entry for individual private investors,” saysAlisdair Crofton, franchisee ofRawsonCape TownCBD Commercial. “But that doesn’t mean commercial property has to ...