Cape Town’s property sales reached a record R11.3bn this year, a 26% rise on 2024, driven by strong demand in the Atlantic Seaboard and City Bowl.
People’s Post reports that a boom in high-value homes pushed the market. Sales above R20 million accounted for R4.2bn in turnover and included 116 transactions in that band. Sixteen deals passed R50 million and two topped R100 million.
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Seeff’s Ross Levin said agents are seeing quicker sales and top prices. He called the year ‘absolutely phenomenal’ and noted that international buyers helped lift totals. About R2.8bn came from overseas purchasers, mainly from Germany, the UK and northern Europe (Property24).
Apartments also set records. A Bantry Bay unit sold for R65 million and sectional title values showed strong price per square metre figures across the Waterfront and Bantry Bay. These sales reflect a preference for lock-up-and-go living in prime coastal nodes.
Local agents say stock remains tight and demand continues into the summer. That mix points to a favourable seller market for early 2026.
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