Foreign buyers snap up R40m-plus Cape properties

dualmeister

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The Seeff Property Group says it achieved a record R1.75 billion in sales for March, the highest in the group’s 57-year history.

Chairperson of the group Samuel Seeff said this concluded a great first quarter.

“This comes as the group reports increased activity from foreign buyers at the high-end price levels with Seeff clinching a R45 million sale of a penthouse to a German buyer at the Waterfront, the highest price achieve here in close to eight years,” Seeff said.

Seeff said the group was also in the process of concluding an even higher value sale in Plettenberg Bay to a buyer from the UK, which will be one of the highest prices ever achieved for residential property in the town.

“This follows a recent R36 million sale to a UAE buyer in Fresnaye, several sales in Camps Bay, and two R20 million-plus sales in Constantia Upper to buyers from Zimbabwe and Malawi, respectively,” Seeff said.

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Business is good :oops:
 

azbob

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and two R20 million-plus sales in Constantia Upper to buyers from Zimbabwe and Malawi, respectively,” Seeff said.

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