NOT quite a bargain‚ but R290m for a new, fully furnished‚ three-storey house that comes with seven bedrooms‚ nine bathrooms‚ eight garages‚ all the art in the house‚ two luxury cars and spectacular views is a fair price‚ said the estate agent who sold the property.The award-winning house‚ which is situated in Bantry Bay and was scooped up by a German couple‚ broke the record for the most expensive house sold in Cape Town by approximately R190m‚ said Dogon Property Group’s Adrien Epstein.There had almost been a “ceiling” on prices when it came to properties in the city‚ and there had been no trade over the R100m mark‚ Epstein said.This “ceiling”‚ he added‚ was somewhat problematic because there are homes in Cape Town which‚ when the cost of the land and construction are taken into account‚ are worth more than R100m.“I think that these high-value property transactions inspire confidence and encourage other buyers to invest‚” Epstein said.The house comes with two plots of vacant land ...
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