Something is brewing in the Vredehoek property market
Category Property news
With the months of September and October usually signalling the start of what has become known as the Selling Season in the City Bowl property market, our Vredehoek and Oranjezicht specialist brokers, Alex Bolton and Christine Marsh have been particularly hard at work. They are getting in fresh stock and are ready for the anticipated influx of purchasers.
Christine Marsh comments that "while the Vredehoek and Oranjezicht sectional title markets have bounced back impressively since the end of the 'hard lockdown', our sales over the last two months have been almost exclusively local purchasers, which is somewhat unusual for the area. With the announcement of our international borders officially opening up from 1 October, we've seen a dramatic increase in inquiries and interest from our foreign purchasers indicative of significant pent up offshore demand."
Alex Bolton adds, "there definitely seems to be a sense of excitement amongst sellers now that foreigners are returning to our shores in just a bit more than a week. Now is the time to achieve a top price. This is also further illustrated by the fact that we currently have more than 14 exclusively listed sectional title properties in Vredehoek alone. Given the historically low-interest rate environment, combined with the return of our international clientele, we are seeing unprecedented levels of interest in well-priced units and we anticipate to sell our existing stock within the next couple of weeks".
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Exclusively listed in Vredehoek & Oranjezicht
- 1 Zastro - ZAR 3 995 000
- 101 The Bradwell - ZAR 3 995 000
- 105 The Signal - ZAR 3 350 000
- 51 Breda Park - ZAR 2 995 000
- 10 Dominion Mansions - ZAR 2 850 000
- 146 High Cape Two - ZAR 2 750 000
- 2 Geriva Mansions - ZAR 2 500 000
- 2 Victory Court - ZAR 2 250 000
- 34 High Cape Two - ZAR 1 450 000
- 303 The Delaware - ZAR 1 350 000
Author: Greeff Christies International Real Estate
