South African buyer pays R27.5m for Cape Town flat as top-end market surges

“According to Expatistan, a cost of living calculator that allows you to compare cities around the world, the cost of living in Toronto [in Canada] is 86% more expensive than Cape Town, with transportation and housing the big drivers. The cost of living in Brisbane [in Australia] versus Cape Town is 72% higher, with housing 63% higher,” the company said.

“Living in London will cost you 134% more than Cape Town, with housing 151% higher, transportation 236% higher and food 81% higher. Doing research into your chosen city is essential before making decisions to move.” Hybrid working and the rise of “apartment living” were other factors affecting the Cape Town property market, Axis said. Tourists who enjoyed the city were returning as investors, seeking accommodation for longer stays.

“They are returning and extending the length of their visits, some up to three to six months at a time — a trend set by the 'swallows’ who settle in Cape Town to avoid the harsh European winters,” the statement said. The R27.5m La Croix flat in question occupies one floor and includes a large swimming pool with decking area, built-in seating and landscaped garden.

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South African buyer pays R27.5m for Cape Town flat as top-end market surgesA Cape Town “lock up and go” flat has sold for R27.5m, signalling continued appetite for top-end residential property in the city.
مصدر: TimesLIVE - 🏆 28. / 59 اقرأ أكثر »

South African buyer pays R27.5m for Cape Town flat as top-end market surgesSouth African buyer pays R27.5m for Cape Town flat as top-end market surges: A Cape Town “lock up and go” flat has sold for R27.5m, signalling continued appetite for top-end residential property in the city.
مصدر: SABreakingNews - 🏆 41. / 51 اقرأ أكثر »

South African buyer pays R27.5m for Cape Town flat as top-end market surgesA Cape Town “lock up and go” flat has sold for R27.5m, signalling continued appetite for top-end residential property in the city. Ya neh You just need 1 million pounds to be filthy rich in SA
مصدر: SundayTimesZA - 🏆 47. / 51 اقرأ أكثر »

Holiday scam victims devastated after forking out for 'fake villas', bogus bookings | BusinessScammers have had a field day targeting unsuspecting South Africans looking for holiday accommodation in Cape Town this summer, laughing all the way to the bank while their victims ended up having to abandon their holiday plans. | Cartjoff Cartjoff Class action should be taken against the banks. All these scammers have bank accounts and should be FICA'ed... Cartjoff Anybody still falling for scammers must really get their heads read. It is actually so simple to avoid them.
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