Cape Town property rally continues
As the post-Covid trek to Cape Town gathers speed, the Mother City is once again in top position as SA’s most desirable property hotspot
22 September 2022 - 05:00
Cape Town has, it seems, regained its status as SA’s most expensive and best-performing housing market after a multiyear slump.
From 2012 to 2017, the city’s residential property sector experienced an unprecedented boom, with prices virtually doubling. That came on the back of a huge wave of semigration, as Gauteng and other inland buyers flocked south in search of more scenic and relaxed surrounds, and an influx of offshore buyers, many no doubt lured by the exposure from the 2010 Soccer World Cup...
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