Today's Big Stories

Four booming property areas not on the Atlantic Seaboard

The sale of entry levels homes is said to be what's keeping the Cape Town property market afloat.

According to property expert Steven Delit, the entry level market is growing at a rapid rate.

The prices for the upper end of entry level homes have increased by 59% in just two years on the Atlantic Seaboard.

Meanwhile, the costs for the upper end of luxury homes has only increased by 15% in the same period and area.

But with homes selling for as much as R290 million, not all Capetonians can afford to live in Sea Point, Bantry Bay or Clifton.

Delit offers alternatives areas where homes can be purchased for under R1 million:

1. Wynberg

2. Parow

3. Parklands/ Table View

4. Goodwood

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:


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by THE NEWSROOM

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