The luxury property market on Cape Town’s Atlantic Seaboard continues to show remarkable resilience. Despite broader economic challenges, DG Properties reported record-breaking sales totaling R200-million during the traditional winter "slow" months (June–August).
High Demand for Luxury Real Estate in Western Cape
Data from the Regional Property Price Ranger (RPPR) confirms that 14 properties priced above R15-million were sold in the last six months across four key suburbs:
Why High-Net-Worth Individuals (HNWIs) are Investing Now
According to a DG Properties top broker and former banker, savvy investors are leveraging the current climate for two primary reasons:
- Negotiation Leverage: Sellers are more open to negotiation, allowing buyers to secure prime real estate at 10% to 20% discounts.
- Increased Inventory: The market currently offers a wider selection of high-end homes than is typically available during "boom" periods.
"Financially successful South Africans recognize that Atlantic Seaboard homes are a secure investment. They are buying now because they know these properties will appreciate rapidly as the market corrects," says DG Properties
Notable Recent Sales by DG Properties
DG Properties has facilitated several landmark transactions, primarily to South African buyers from Johannesburg and Durban relocating or purchasing second homes:
- Bantry Bay Mansion: R25-million
- Mountain-top Residence: R31-million
- Fresnaye Townhouse: R11.6-million
- Clifton Apartment (La Corniche): R15.5-million (achieving R75,000 per m²)
Scarcity and Long-Term Value
The Atlantic Seaboard is characterized by limited land availability, ensuring that demand consistently outstrips supply. This geographic scarcity makes the area one of the most stable real estate investments in South Africa.
Contact DG Properties: For expert consultations on the Cape Town luxury market, contact DG Properties at +27 21 433 2580.
