A glimmering star amongst Cape Town’s property night sky, Camps Bay is the personification of laid-back yet luxurious living. Considered a prime destination for both tourists and locals looking to revel in the beauty and opulent charm of this affluent suburb, it’s no surprise that Camps Bay appears to be enjoying a rather lucrative season right now.
According to Ross Levin, a licensee for Seeff Atlantic Seaboard, the established real estate company has recently snagged a R51 million sale – a record price achieved by any agency within the suburb.
However, Levin states that sales have been through the roof despite the damper that COVID-19 has placed on many industries. Sales have reportedly exceeded R741.6 million, 38% higher than 2020 and 28% higher than 2019.
The suburb has seen an upward trend since 2010 and has been considered one of the fastest-growing areas in Cape Town. Seeff has managed to snag two record sales with prices ranging from R9.6 million to R28 million – the highest prices in Camps Bay this year.
So, who are making these big purchases? SA expats are among the top buyers, along with people who have a business interested within South Africa. According to Business Tech, buyers from Hong Kong, the US and France make up the bulk of sales. However, individuals from the Western Cape, Gauteng and other provinces looking for luxury homes also form part of the sales.
Take a peek inside a property currently for sale and going for an incredible R85 million:
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