The strong performance of the Atlantic Seaboard and City Bowl luxury property markets seen in 2021 escalated further this year with sales of R5 billion:
The strong performance of the Atlantic Seaboard and City Bowl luxury property markets seen in 2021 escalated further this year according to Ross Levin, licensee for Seeff.
Seeff alone has already sold close to R1 billion in listings with several sales above R20 million. These include R43.5 million and R23 million in Fresnaye and R21.7 million in Mouille Point , all to local cash buyers. He adds that the old age adage of position, position, position, once again proves true. There are still really good opportunities for sellers as stock levels are depleted in the high demand price bands for both the sectional title and freehold property classes.
Sellers are now aware of the 20-odd percent price reduction since Covid and asking prices are more realistic which means that buyers should offer close to the asking price if they hope to close the deal. While the market is still in a good phase, Ms Jocum says sellers should guard against pricing themselves out of the market. Buyers should also not wait too long as they will miss out on opportunities now.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE | Day 2 of Sevens World Cup begins in earnest as tasty quarterfinals beckon | SportLIVE | Day 2 of Sevens World Cup begins in earnest as tasty quarterfinals beckon | Sport24news
Read more »
LIVE | Crowd growing at CT Stadium as SA women fall just short in thriller | SportLIVE | Crowd growing at CT Stadium as SA women fall just short in thriller | Sport24news
Read more »
20 restaurants in Franschhoek to visitFranschhoek is a small town in the Western Cape province of South Africa and has been featured on Time Magazine's prestigious list of 'World's Greatest Places for 2022.
Read more »
CAF Champions League Starting XI: Cape Town City v Otoho d'Oyo 08 September 2022Cape Town City begin their CAF Champions League journey against Congolese outfit Otoho d'Oyo this afternoon - here's how they line up. SLSiya Read more:
Read more »
CAF Champions League match report Cape Town City v Otoho d'Oyo 10 September 2022Cape Town City have announced their starting line-up for this afternoon's CAF Champions League preliminary round tie against Otoho d’Oyo. Read more ➡️
Read more »