56% growth in the last year
[permalink]
Fin24 reports that Camps Bay has pipped Constantia as SA's priciest suburb. Average house prices surged 56% from R4.48 million in March 2007, to seven bars in March, 2008.
Camps Bay - "living the holiday" can be pricey
The article, based on data found on the South African Property Transfer Guide (SAPTG) had this to say:
"The Atlantic seaboard suburb of Camps Bay saw average house prices surge by 56% over the past year to R7m in March 2008, up from an average sales value of R4.48m in March 2007. That places Camps Bay as SA's most expensive suburb in SAPTG's monthly top 10 survey of highest average sales value achieved.
SAPTG's data, which is sourced from the Deeds Office, applies only to property transfers of up to R20m.The survey is divided between suburbs were 10 or more sales are achieved per month and suburbs with less than 10 sales.
The Cape Town suburb of Constantia ranked second after Camps Bay as the highest-priced residential neighbourhood in SA (10 or more sales) with an average sales value of R 5.95m.
In the "less than ten sales" category, Cape Town again boasted the highest priced suburb in SA, with Fresnaye on the Atlantic seaboard taking top slot with an average sales value of R6.9m." [more here]
Ja, Atlantic seaboard real estate - everyone's an expert, but they're always dying to hear what you think. No one knows their arse from their elbow.
"When do you think the right time to buy is? I reckon it's slipping.."
"I don't know, bru. But you've been asking that same question every year since 1994 and, in that time, I've seen guys buy and sell 10 houses."
"Ja, but.."
Whatever, do what you want. Or, at the very least - rent it!
It's no coincidence that Cape Town's Atlantic seaboard is currently the hottest travel destination in the world.
Speaking of which.. look at this little pad.
Camps Bay - rent it!
Nice! That's what I'm talking about! I found that pic on my favourite Cape Town holiday rental website. Click here to check out the biggest range of Cape Town and Atlantic Seaboard rental properties. Even if you're not interested, you just have to check out the places they've got! Jeepers! Over 400 properties for everyone from paupers to movie stars. There's something for everyone.
Check it out -
www.capetown365.com
Seth Rotherham
Editor
2oceansvibe.com
[permalink] |
