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May interest rate predictions and a closer look at Q1 2024 property marketConsumers anticipating an interest rate cut may face a longer wait, with experts now shifting their predictions to year-end or later. Meanwhile, the first quarter of 2024 surprisingly buoyant for property.
Expert insights: An overview of the Cape Town property marketWhile the last few years have seen South Africa’s housing market experience a sluggish time, Cape Town real estate, particularly in certain suburbs, has bucked this trend and managed to outperform the national average once again.Cape Town leads with 9 out of 10 of SA’s most expensive suburbsThese top ten suburbs now all command an average price of well above R10 million and in the top suburbs the average is now just about R20 million (Clifton and Bantry Bay).