Property owners in Cape Town are sitting on gold. With keen International interest, the property market in Cape Town has become a battlefield where prospective buyers are fighting tooth and nail for real estate in Cape Town’s most popular areas. The most popular real estate in Cape Town is area specific, bringing us back to the number one selling point of any property worldwide, which is location, location, location.
With real estate clocking into the millions of Rands and being sold in less than a month, most of the time for the full asking price, property is gold in the Mother city. The pure demand for property that is well positioned and rightly priced has seen the property market in Cape Town soar to new heights in the last five years.
According to industry experts Cape Town’s property market was struggling just five years ago, when sellers waited in instances of 3 months or more for their property to sell and furthermore had to accept offers, discounting their prices by as much as 20%.
Today the market tells a different turnaround story. Ludacris happenings, where potential buyers do not even bother to view the property in person, but because the price is right, they purchase the property outright. This has boosted Cape Town’s economy and has placed various buyers in top notch positions, with property values tripling in a few short years, because of the outrageous demand for property in Cape Town.
So, how do you sell your property just as fast? If you have priced your property correctly, then you should have little to no problem selling; with the current demand for the Mothers cities land almost as popular as the gold rush. Contact #StormPropertiez for a fair evaluation of your home today.
A study done by privateproperty.co.za which lists Cape Town’s fastest selling suburbs in 2016 found the following:
Written by: PRIO Communications and Digital Marketing