Today's Big Stories

60% of top end Atlantic Seaboard property buyers are Capetonians

A Clifton property has gone for a record R111 million sale, proving that wealthy buyers are still seeing Cape Town's top end real estate as a good investment.

Managing Director of Seeff Properties, Ian Slot said blue chip property locations such as the Atlantic Seaboard are a good store of wealth.

(Also read our article: Why more Joburgers are flocking to buy property in Cape Town)

The luxury Clifton home in Nettleton Road was reportedly sold to a Johannesburg buyer, but Slot said 60% of top end property investors on the Atlantic Seaboard are Capetonians.

Listen to the full conversation (with Mike Wills standing in) on The John Maytham Show:

Realistically, there are only so many properties in that area. It's the most sought after area in South Africa.

Ian Slot, MD at Seeff Properties

R1bn worth of R20m-plus trophy homes sales have already sold across the city for this year, most in suburbs such as Clifton, Camps Bay, Bantry Bay and Fresnaye.

The previous highest price for a house in the suburb was R60m paid for a Nettleton Road property in 2010.


Recommended

by NEWSROOM AI
Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

 R440 million Casablanca property in Camps Bay reckoned as SA's priciest home

R440 million Casablanca property in Camps Bay reckoned as SA's priciest home

Got R440-million lying around for 8 bedrooms, triple-volumed reception rooms and a parquet-floored garage that can house 14 cars?

What 6 million rand can buy you in estate these days

What 6 million rand can buy you in estate these days

After a recent visit to the security quarters at President Zuma's private Nkandla home, we find out if he got 'his' money's worth.

Austrian lottery raffles SA property and other assets with good odds

Austrian lottery raffles SA property and other assets with good odds

Lottery 001 raffles villas, cars, boats - you name it. An Austrian associate at the firm that oversees property lottery explains.

Why more Joburgers are flocking to buy property in Cape Town

Why more Joburgers are flocking to buy property in Cape Town

According to Pam Golding Properties, up to 40% of property buyers on the Cape's Atlantic Seaboard at the moment are from Gauteng.

Popular articles
Dr Eve busts myths about the female orgasm that could change your sex life

Dr Eve busts myths about the female orgasm that could change your sex life

As many as 1 in 3 women have trouble reaching orgasm when having sexual play, clinical sexologist Dr Eve explains.

The Man of the Mountain: Why I'm climbing Table Mountain every day for a year

The Man of the Mountain: Why I'm climbing Table Mountain every day for a year

After being retrenched last year Andrew Patterson decided he wanted to do something more fulfilling with his time.

If you go down to the Spar today...join SA's biggest pajama party!

If you go down to the Spar today...join SA's biggest pajama party!

Spar customers are being encouraged to head out for the weekly shop in their PJs today and you get a free coffee in return!

'Impossible to think violent protests in CPT are anything other than political'

'Impossible to think violent protests in CPT are anything other than political'

Just this week WC Human Settlements MEC Bonginkosi Madikizela said he believed the protests were being 'orchestrated'.

How much you need to retire ‘comfortably’ (and the best ‘investment’ ever)

How much you need to retire ‘comfortably’ (and the best ‘investment’ ever)

For your assets to generate an income that lasts as long as you do; here’s what you’ll need to amass (and tips for getting there)…

'Sexting is a great way to keep spice in long distance relationships'

'Sexting is a great way to keep spice in long distance relationships'

With the help of technology and a good imagination, sex in a long distance relationship doesn't have to be out of reach.