The house is defined by state-of-the-art technology and luxury, such as a guest pamper room, guest bedroom with en-suite, a deluxe wine room, study and kids’ TV lounge – with its own bathroom.The open-plan living room and dining room feature a pebble fireplace, wooden floors, a chandelier, recessed lighting and ceilings overlooking perfectly landscaped gardens.The kitchen is any home cook’s dream – double ovens, gas stove tops, an incinerator for waste disposal and instant hot and cold taps.
The Western Cape and Cape Town, in particular, have seen a strong semigration demand where rich South Africans pursue properties that exceed the R20 million and even R30 million price marks, while demand for rental properties has also spiked. ‘Factors such as the higher interest rates and semigration continue to significantly increase demand for rental properties in Cape Town,’ says Horne.
‘In particular, the City Bowl, Atlantic Seaboard and Southern Suburbs have become highly sought-after areas, resulting in fierce competition for rental properties and significant rental stock shortages. We are also witnessing very healthy rental escalations across the board.
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