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Buyers looking for deals among luxury properties along Cape Town's Atlantic Seaboard

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The depreciation of the rand, coupled with a decline in property prices, has encouraged bargain hunting from foreign investors (Source: RE/MAX)
Cape Town s Atlantic Seaboard has achieved R2.6bn in residential property sales by early December at an average selling price of R6.5m.
This is the highest of any area in the country, according to Seeff Properties.
Buyers are looking for a value proposition.
Although the top end of the property market remains tough, sales along Cape Town s sought-after Atlantic Seaboard have staged a notable bounce-back, according to Ross Levin, managing director for Seeff Atlantic Seaboard and City Bowl. ....

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