John Rabie, one of South Africa’s most successful property developers, has recently embarked on a substantial new venture in Portugal.
Developers are fetching record prices in a number of new luxury apartment buildings in sought-after areas of Cape Town and Johannesburg.
The face and fortune of Cape Town’s lower CBD is set for a sea change with the development of a R1-billion first of its kind five star hotel and apartment block combo in one of the city’s architectural masterpieces.
Savvy property investors and parents of some of South Africa’s top university students are spearheading a mini property boom in one of Cape Town’s most established suburbs, in the wake of a shortage of affordable top-end accommodation in the city’s leafy Southern Suburbs.
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