The City of Cape Town and High Street Auctions are selling off large undeveloped properties, highlighting the immense appetite for land in the city.
Given the number of people moving to Cape Town, there is simply not enough space for the city to grow, says Greg Dart, the director at High Street Auctions.
He added that businesses are also migrating from Gauteng to Cape Town. As a result of this influx of people, High Street Auctions has reported record levels of interest in Cape Town land. “The houses and development sites across the peninsula from Muizenberg through Grassy Park, Tafelsig, Strandfontein, Khayelitsha and across to Stand, Goodwood and Durbanville will be sold by High Street Auctions on behalf of the City of Cape Town,” said Dart.
The Western Cape is no longer seen as just a holiday destination. It now becoming a business-heavy weight.
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