Two areas in the Western Cape property market has been identified as showing growth for individuals wanting to buy properties in those areas, with increasing property values,
Meanwhile, Noordhoek’s average house price increased by 68%, from R5.3 million in 2021 to R8.65 million by August this year.has indicated that homes on the property market in Noordhoek spent an average of 157 days on the market in 2021 and by 2024, homes in the area spent ‘an average of 66 days on the market’, according to
Cape Town’s Central Business District and surrounding areas’ rental stock shortage has also contributed to an increase of interest of in Hout Bay.
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