Wealthy homebuyers pay to play in Cape Town
Prices for trophy homes in several posh suburbs are testing new highs
29 August 2024 - 05:01
While property sales in the middle-income market have slumped to multiyear lows as cash-strapped South Africans continue to battle high interest rates, there’s no shortage of buyers splurging on trophy homes costing R20m or more.
That’s particularly true in Cape Town and surrounds, where prices in several posh suburbs are testing new highs...
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