Residential property coming into its own - Seeff

IS WESTERN Cape property, particularly on the Atlantic seaboard, pricing itself out of the market?

'Definitely not,' says Ian Slot, chairman of Seeff's Western Cape Licensees.

'Residential property in South Africa is undergoing a momentous revaluation as an asset class. It's only now really coming into its own. 'This is especially true of property on the Atlantic seaboard.

Due to limitations of space and geography, Clifton, Camps Bay, Bakoven and Fresnaye will always remain highly sought after.

My advice? If you can afford to buy here, don't wait.' 'Although visitors are often shocked at property prices here, the Western Cape and Cape Town are undoubtedly South Africa's most sought-after province and city.'

And recent research shows that residential property prices in the upper- and middle-priced suburbs continue to rise, despite the four lending rate increases this year. For details, contact any Seeff office or call Ian Slot on 021 434 9175 or 082 452 3944.