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Southern Suburbs Property Is Still Booming Despite Slowdown In Market [Video]

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Cape Town's Southern Suburbs seems to be immune to the recent slowdown in the property market, and according to the data, the leafy side of Table Mountain is now one of South Africa's strongest real-estate markets, witnessing 'exponential increases' in house prices over the past few years. The need for safety and estate living has stayed strong, especially among people moving from other parts of the country.

According to Alexa Horne from Dogon Property Group, “Rising interest rates, economic instability, and an unusually cold winter in Cape Town have collectively dampened sales activity. However, the luxury property market in the Southern Suburbs, and in general, remains largely unaffected by interest-rate hikes and rising living costs.

 

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