Real estate in Cape Town, especially in the seaboard region, has seen an influx of buyers, who are not scared of taking the risk of purchasing such expensive houses.
An apartment worth R14-million rand was recently sold by Dogon properties – which launched in 2002 – the property was sold four days after it made it in to the market, Denise Dogon, the CEO stated, ‘Dogon is experiencing an upswing of buyers for homes which offer good value and are priced correctly for this market.’
Areas such as Woodstock, Strand beach, 1 on Albert in Woodstock, Castle Rock in Zonnebloem and many other places in the CBD had an increase in sales, Rob Stefanutto, Director & Head of Drogon Group Developments stated that the reason why there has been an increase in sales is that the buildings have the latest designs and it attracts buyers who follow trends.
Steffanutto explains: “Developments in urban areas are a good investment as they allow buyers to own property in central areas that have limited space left for developments – such as the Cape Town City Bowl or the Atlantic Seaboard – making these developments all that much more desirable.”
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