The most expensive streets, suburbs and estates in Cape Town

The most expensive streets, suburbs and estates in Cape Town

Amid the tumultuous environment of the property market over the last several years in South Africa, Cape Town has not only remained stable in house price inflation but shown significant growth thanks to foreign investors and migration from other provinces.

Data a research group, Lightstone, recently analysed data of several million properties in the Western Cape and pinned the annual inflation rate at just under 4.0%, with a monthly rate of 0.27%.

One of the most interesting findings, the group said, is how the value and volume of properties compares between Cape Town and Johannesburg.

During 2008 the rand experienced its most dismal period to date performing exceptionally low against its global counterparts and the property market experienced negative growth on a national scale.

“Annual property inflation experienced similar growth nationally over the next four years. After 2012 however, the Western Cape and the City of Cape Town became increasingly more attractive to potential buyers,” Lightstone said.

Looking at the most expensive suburbs in Cape Town, Bishopscourt is the most expensive with an average value of R17.1 million, followed by Llandudno, Constantia Heights, Clifton, Steenberg and De Bosch in Stellenbosch.

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“With most property prices on the rise, first time buyers are looking at more affordable options in lower cost suburbs like Pelikan Park, Kayelitsha and Parklands,” Lightstone said.

Even though the forecast for the Cape Town property market remains stable for 2018, this could be subject to changes dependant on government’s planned land expropriation without compensation strategy, the group said.

“In the interim, the appetite for foreign investments in the Cape Town property market will provide the required strength within the industry; and the demand for secure estate living will continue where both freehold and sectional title should enjoy much needed growth.”

Computer Assisted Property Valuation

Computer Assisted Property Valuation

If you are moving home, getting a reliable property valuation is an essential step in the process.

A property valuation will give you an estimate of how much your house should be worth, based upon a number of different factors.

Even if you are not planning to move home straight away, house valuations remain an excellent tool to indicate a current market value and what improvements could be made should you want to potentially increase the value of your home without over capitalising.

By answering a few easy questions on the current condition of your home, our free property value calculator which uses the latest GIS (Geographic Information Systems) will give you an idea of how much money you could potentially make from the sale of your home.

Unique to Valuator we are also able to reference recent final property sales (selected Cape Town metropolitan areas) that have not yet been recorded in the Deeds Office which makes our report that much more current and reliable!

Get your free Valuator report today!
These reports are free until 1st June 2018

Valuator is a service operated in association with Chas Everitt by:

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HOMEimage offers specialised marketing solutions to property developers,  hospitality industry, private property sellers and agents, such as 3D models, floor plans, virtual tours, professional photography, drone aerial photography, property marketing materials, and project management.

Romeu de Faria
HomeImage
Wynberg Park 7800

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Olde Worlde Charm

“A house is made of walls and beams; a home is built with love and dreams.”

Calling all wood-lovers of olde-world charm!  This double storey house is ideally situated in sought-after Newlands Village within walking distance to SACS, UCT Barristers and Newlands Forest – offering three spacious bedrooms, lounge, dining room, study, two bathrooms and a single garage. The unique features of this home are the warm rustic wood features throughout the home. Solid front door, gate, cobbled walls, wooden floors, teak beams, staircase, sash windows and shutters give this home unique character.

The sunny lounge and dining room with the warm glow of timber floors are open plan to the kitchen with gas stove and fitted for a washing machine. The kitchen has solid wood counter tops and a unique ox-wagon light fitting. There is a small guest toilet behind the kitchen. The upstairs bedrooms have beautiful mountain views and built-in cupboards. There is a single garage with loft attic for extra storage and off street parking. The low maintenance paved corner garden has a built in braai and space for a pool.

The timeless textures of this lovely house offer great potential and a wonderful opportunity to turn this into your dream home.

Contact Fiona Eadie on 083 270 3353

Sectional Title Demand in Newlands is Growing

Sectional Title Demand in Newlands is Growing

Sectional Title properties remain popular in Cape Town South because of the many advantages this form of property ownership offers. Key factors driving the increased demand for sectional title properties are security, lifestyle and access to excellent amenities as well as the low maintenance required compared to a free-standing homes.

Investment for the future:

IMG_2539c_1There is no work that needs to be done on this North facing studio apartment in Letterstedt Court, Newlands. Close to Jammie Shuttle route and on the door step to Dean Street and Cavendish Square, this newly renovated studio apartment is a fantastic investment.

Contact Charlene Faint on 083 765 2116 or email charlene.f@everitt.co.za for further queries.

A Career in Real Estate

RECChas Everitt is holding a Real Estate Career Q&A meeting at our Tokai office tomorrow Tuesday 26th May at 6pm. The address is 44 Tokai Road (opposite the Blue Route Shopping Centre). The building houses both Hair Gallery and Chas Everitt and is on the corner of Tokai and Dam Roads. If anyone would like to attend please email Andre de Villiers on andre@everitt.co.za

It will be no more than one and a half hours ie 6pm till 7:30pm

Andre de Villiers
0832300549