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MONEYWEB app instead? Based on the latest Deeds Office and sales data. By Samuel Seeff 10 Jul 2021  00:01  Image: Shutterstock Ten years ago, there were just four top suburbs with an average selling price of just over R10 million. Now, all ten of South Africa’s top suburbs fall above this with average prices ranging from R12 million to over R20 million, says Samuel Seeff, chairman of the Seeff Property Group. Based on the latest Deeds Office and sales data, these rank as below. It includes eight Cape Town suburbs (six on the Atlantic Seaboard and two in the Southern Suburbs) along ...

This penthouse in the V&A Waterfront in Cape Town sold for R45 million. (Seeff) The low interest rate seemed to have little impact on the luxury housing market, but this seems to be changing. There has also been in increase in foreign buyers looking for and buying property in SA. The March Lightstone Residential Property Index shows that annual house price inflation was 4.0% at the end of February 2021 signifying a positive increase from the previous month. Luxury homes are back in demand in South Africa, according to Megan Ladbrook, general manager of Frankie Bells Real E...

Cape’s luxury mansions attracting foreign buyers and Gautengers Share Cape Town - Foreign buyers and Gautengers are snapping up R40 million plus Cape properties despite what estate agents are calling a “weak luxury market”. Chairman of the Seeff Property Group, Samuel Seeff, said the company achieved a record R1.7 billion in sales in March, the highest in the group’s 57-year history. Seeff said: “We have seen increased activity from foreign buyers at the high-end price levels and clinched the R45 million sale of a penthouse to a German buyer at the Waterfront, the hig...