Weaker rand, economic and geopolitical challenges drive Euro buyers to Cape property.
Sea Point – R22.7 million Seeff agent Nadine Jocum said Camps Bay had been a preferred property investment location for international and SA Expat buyers since the onset of the Covid-19 pandemic, and when the Russia-Ukraine war broke out.The Atlantic Seaboard and City Bowl had proven to be the most lucrative, accounting for 69% of sales concluded, according to Seeff licensee Ross Levin.
Cape Town’s southern suburbs like Constantia and Bishopscourt have also gained popularity among buyers from the UK, Germany and other European countries, said Seeff lead agent Francois Venter.
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