The most expensive streets, suburbs and estates in Cape Town

The most expensive streets, suburbs and estates in Cape Town

Amid the tumultuous environment of the property market over the last several years in South Africa, Cape Town has not only remained stable in house price inflation but shown significant growth thanks to foreign investors and migration from other provinces.

Data a research group, Lightstone, recently analysed data of several million properties in the Western Cape and pinned the annual inflation rate at just under 4.0%, with a monthly rate of 0.27%.

One of the most interesting findings, the group said, is how the value and volume of properties compares between Cape Town and Johannesburg.

During 2008 the rand experienced its most dismal period to date performing exceptionally low against its global counterparts and the property market experienced negative growth on a national scale.

“Annual property inflation experienced similar growth nationally over the next four years. After 2012 however, the Western Cape and the City of Cape Town became increasingly more attractive to potential buyers,” Lightstone said.

Looking at the most expensive suburbs in Cape Town, Bishopscourt is the most expensive with an average value of R17.1 million, followed by Llandudno, Constantia Heights, Clifton, Steenberg and De Bosch in Stellenbosch.

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“With most property prices on the rise, first time buyers are looking at more affordable options in lower cost suburbs like Pelikan Park, Kayelitsha and Parklands,” Lightstone said.

Even though the forecast for the Cape Town property market remains stable for 2018, this could be subject to changes dependant on government’s planned land expropriation without compensation strategy, the group said.

“In the interim, the appetite for foreign investments in the Cape Town property market will provide the required strength within the industry; and the demand for secure estate living will continue where both freehold and sectional title should enjoy much needed growth.”

Computer Assisted Property Valuation

Computer Assisted Property Valuation

If you are moving home, getting a reliable property valuation is an essential step in the process.

A property valuation will give you an estimate of how much your house should be worth, based upon a number of different factors.

Even if you are not planning to move home straight away, house valuations remain an excellent tool to indicate a current market value and what improvements could be made should you want to potentially increase the value of your home without over capitalising.

By answering a few easy questions on the current condition of your home, our free property value calculator which uses the latest GIS (Geographic Information Systems) will give you an idea of how much money you could potentially make from the sale of your home.

Unique to Valuator we are also able to reference recent final property sales (selected Cape Town metropolitan areas) that have not yet been recorded in the Deeds Office which makes our report that much more current and reliable!

Get your free Valuator report today!
These reports are free until 1st June 2018

Valuator is a service operated in association with Chas Everitt by:

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Congratulations Joan Ross!

joan ross

The first Chas Everitt Agent of the Month for 2016 is Joan Ross.
Well done Joan and may you have an awesome year.  The many communications we receive about your service driven attitude is clearly the reason you are going from strength to strength in Diep River and Upper Plumstead and your social engagement is a credit to Chas Everitt.

Show Time in Diep River

1FaureModern, neat and functional spaces makes this home very appealing to the professional executive or young family. The North-facing entertainment area with sparkling pool is set in beautifully manicured gardens. Sunny bedrooms and newly fitted bathrooms. Read more about this three bedroom property for sale in Diep River.

*Showhouse is this Sunday, 10 January 2016 from 14:00 til 17:00.

Contact Chas Everitt agent Joan Ross on 021 712 7002 / 083 419 5301 for further queries.

Show Time this Sunday

 On show this Sunday on the Bergvliet, Meadowridge and Diep River border:

faure propertyModern, neat and functional spaces makes this home very appealing to the professional executive or young family. The North-facing entertainment area with sparkling pool is set in beautifully manicured gardens. Sunny bedrooms and newly fitted bathrooms. Read more about this three bedroom property for sale in Diep River.

*Showhouse is this Sunday, 20 December 2015 from 14:00 til 17:00.

Contact Chas Everitt agent Joan Ross on 021 712 7002 / 083 419 5301 for further queries.

Prime Position in Chelsea

Light, bright and spacious:

Diep River PropertyThis Chelsea home is filled with charm and character. The beautiful open plan living spaces has great flow to the outdoor entertainment spaces. The patio has a built-in braai and drop down awnings to shelter you from the wind. The lounge and dining areas are separated by the newly installed wood and anthracite burning fireplace. The porcelain tiles add an extra feel of luxury to this room with it’s large windows and picturesque view of the pool. Add the lush green garden and koi pond for a touch of serenity.  Read more about this Diep River property for sale.

Contact Chas Everitt agent Joan Ross on 021 712 7002 / 083 419 5301 for further queries.

A Career in Real Estate

RECChas Everitt is holding a Real Estate Career Q&A meeting at our Tokai office tomorrow Tuesday 26th May at 6pm. The address is 44 Tokai Road (opposite the Blue Route Shopping Centre). The building houses both Hair Gallery and Chas Everitt and is on the corner of Tokai and Dam Roads. If anyone would like to attend please email Andre de Villiers on andre@everitt.co.za

It will be no more than one and a half hours ie 6pm till 7:30pm

Andre de Villiers
0832300549