Still fetching top dollar Cape Town’s housing market has started to slow, in line with those of other major metros, as affordability and water-shortage issues force many would-be buyers to put investment decisions on hold. However, the Atlantic seaboard, arguably Africa’s swankiest stretch of real estate, is still notching up record prices. A luxury abode situated high on the slopes of Lion’s Head in Clifton recently sold for a staggering R120m. The sale was clinched by the Dogon Group, which was also responsible for the record-breaking 2016 sale of a Bantry Bay home for R290m. Sea Point — traditionally more affordable than neighbouring Bantry Bay and Clifton — can also boast a few record sales in the year to date. In early March, a four-bedroom beach-front penthouse apartment fetched R32m, the highest price achieved for a sectional title property in Sea Point. Malka Zinman, sectional title area specialist for Lew Geffen Sotheby’s International Realty, says the penthouse was sold wi...

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