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CT and Jhb make property luxury list for the very wealthy

24 January 2017 9:56 AM
Cape Town has become a hot destination for the wealthy as property prices become unattainable for average people.

Wealth X recently released a Global Property Handbook in conjunction with Warburg Realty and Barnes International Realty.

Cape Town and Johannesburg were among the world's top 50 cities in which to purchase luxury property, with Cape Town coming in at 37th and Johannesburg at number 46.

Steven Delit, property expert at Remax says in Cape Town it is frightening how the price of property has recently escalated.

He says the price of property on the Atlantic seaboard is driving prices all over.

To find an apartment of 40 metre squared for a million is difficult. There are very few properties in the city bowl or on the seaboard priced under R2 million.

Steven Delit, property expert at Remax

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This article first appeared on CapeTalk : CT and Jhb make property luxury list for the very wealthy


24 January 2017 9:56 AM