#WaterWatch

How running out of water is affecting Cape Town’s property market

The Cape Town property market has long been performing far better than that of the rest of South Africa.

Does this still hold, now that the city may be set to become the first modern, world-city to completely run out of water?

So far, demand seems to be holding up with affordability, seemingly, being a larger concern than the drought.

The Money Show’s Bruce Whitfield interviewed Pam Golding Property Chief Executive Dr Andrew Golding.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

There’s no question the water issue is having an effect…

Dr Andrew Golding

In the long-term, the fundamentals of Cape Town is still strong.

Dr Andrew Golding

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This article first appeared on 702 : How running out of water is affecting Cape Town’s property market


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