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Share 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. ....
A designer Clifton home boasting some of the best views in Cape Town is on the market for R200m. The luxury villa is located on Nettleton Road, SA’s most expensive street with selling prices averaging between R150m-R200m. According to Jo Lombard, Seeff Atlantic Seaboard luxury market specialist, the property is marketed as ‘price on application’. However, the seller is looking to get around R200m for the property. “Whether this can be achieved in the current market remains to be seen. If R200m is achieved, it would be the most expensive Clifton home ever sold,” says Jo Lombard. ....
MONEYWEB app instead? The views from the R200m super luxury villa in Clifton are good ⦠By Michael Brown 24 Dec 2020 00:01 20 Nettleton Road, Clifton. Image: Seeff Property Group Located at 20 Nettleton Road in Clifton, Cape Town, is the most expensive home on sale this summer. While its listing says âprice on applicationâ, the seller is apparently expecting R200 million. This is according to Jo Lombard, luxury market specialist at Seeff Atlantic Seaboard properties. The property is in a desirable location. Image: Seeff Property Group The most expensive apartment sold in Clifton to date went for R198 million in 2012, while the most expensive property on Nettleton Road achieved a price of R120 million in 2017, says Ross Levin, MD of Seeff Atlantic Seaboard and City Bowl. ....
R200 million Clifton home is South Africa’s top property listing Subscribe Seeff Properties recently listed its most expensive home on the market this summer. The luxury villa is located high up in Clifton in Nettleton Road, the most expensive street in the country with an average selling price of R150 million to R200 million, said Jo Lombard, luxury market specialist with Seeff Atlantic Seaboard. The home is built on a 1,481 sqm plot, one of the widest plots in the road and was designed by Peerutin Architects. It features six en-suite bedrooms, open-plan living and dining areas, a media room, gym, wine cellar, garaging for six cars and an expansive outside entertainment area with an infinity pool and one of the best views that Cape Town has to offer. ....