Luxury property market soars as the rich fall in love with expensive stuff all over again
Real estate agents report rising demand for homes with eye-watering price tags
11 December 2022 - 09:04
The uber rich in South Africa are back to splashing out on high-end brands now that the pandemic is over, but for many their biggest purchases are exclusive properties that offer opulent privacy.
“We are seeing a growing demand for all things luxury in the country,” says Michael Zahariev, co-founder of Luxity. “At the beginning of the pandemic there was a slight drop in demand, but the luxury sectors are now back and outperforming pre-pandemic levels.”..
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