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panormaic view of table mountain, atlantic coast and cape town city bowl from lions head cape town relocation and property specialists  storm and rainbow over table mountain and twelve apostles  cape town wine farm  victoria and alfred waterfront cape town period cape dutch properties for purchase and rent in hout bay and constantia cape town
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Cape Town Homes Growth 3rd Highest In The World

Posted on: October 6th, 2016

Knight Frank has published a report placing Cape Town Homes and Property third globally in terms of annual price growth

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Cape Town Homes

The report shows that Cape Town was a top performer for the second quarter of 2016, with the city’s annual price growth reaching double figures in the year to June 2016.

Cape Town’s annual property price growth reached double figures in the year to June 2016 with a 16.1% increase for the 12 months from June 2015 to June 2016.

 

This puts Cape Town in third place for the prime price performance by city with Shanghai in second and Vancouver in first.

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Cape Town is benefiting from a number of factors, including those commuting to Johannesburg for business but residing in Cape Town, a growing trend; a university providing little supply of 6680 residential placements with 27,000 students; an increasingly progressive central business district with increasing residential units and lifestyle options to match including restaurants, bars, art galleries and gyms;international buyers taking advantage of the weaker rand as well as the weather and lifestyle that Cape Town provides.