A large uptick in high-end property sales in Constantia was recorded over the past three years, indicating strong demand for the luxury market.Rouvaun McKirby and Joanna Thomas from Lew Geffen Sotheby’s International Realty say they’ve seen increased interest from wealthy upcountry buyers and UK and European investors, noting that some sales topped R40 million.
‘However, recent geopolitical uncertainties, economic fluctuations, and shifts in global dynamics have compelled investors to rethink their real estate portfolios, and many are now looking at Cape Town.’data, 72 of houses sold in Upper Constantia in 2018 were above R20 million. This is a large jump from 2021, when only 13 of the 102 homes went on sale for more than R20 million.
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