KNIGHT Frank, a global independently owned property consulting company, has published a report placing Cape Town third globally in terms of annual price growth.The company’s Prime Global Cities Index report shows that Cape Town was a top performer for the second quarter of 2016, with the city’s annual price growth reaching double figures in the year to June 2016."This puts Cape Town in third place for prime price performance by city with Shanghai in second and Vancouver in first. The average annual change per world region was put at 9% for Africa, just 1% shy of North America’s 10% and 2% less than Australasia’s 11%," Knight Frank said in a statement."Previous price changes for Cape Town were significantly less; December 2015 to June 2016 showed a 5.6% change and March 2016 to June 2016 a 3% change. This, when compared with the 16.1% change in the 12 months from June 2015 to June 2016, can only mean extremely positive things for the local industry’s growth," the company said.Many pr...
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