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Newlands Property in 2023 – A Snapshot of the Year

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Newlands Freehold 2023

Number of transfers: 122
Total sales value: R934 833 337
Highest sale achieved: R29 000 000
Lowest sale achieved: R2 100 000
Average Price: R7 662 568
Average Price per m²: R11 907

Market Comment

As we enter 2024 it is clear from a lack of supply and exceptional demand that the Newlands area continues to attract buyers relocating within Cape Town and from across the country as it holds and strengthens its reputation as a premier Cape Town suburb with schools and convenience still given as the top two reasons to locate in this area.
Property prices remain very resilient and all types of residential property are in strong demand.


Source: Property24



The Newlands “Trio of Talent” ended 2023 with the Agents of the Month Award – their third in 2023. From left Lynne Crosland, Sally Shaw and Barbara van der Westhuyzen

Information sourced from CMAinfo