Interest In Cape Town Property Is 'Ferocious' As The City Fills Up Fast
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Data from Lew Geffen Sotheby’s International Realty shows that demand for office spaces in the Western Cape is reaching pre-pandemic levels, following a trend of ongoing decentralisation by businesses in the country. Dart said the City of Cape Town has also become very enticing with 60% less load-shedding than the rest of the country, a cash-for-power plan buying electricity from businesses that feed back into the grid and an across-the-board property rates relief package peaking at 52% for homes valued below R5 million.
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