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Affordable Somerset West country homes A new development in Somerset West in the Western Cape has prices ranging from R1.21 million to R1.55 million, on a plot and plan basis. Getting your offer to purchase accepted Securing your dream property depends on getting your offer to purchase accepted. Ideally, the seller would be looking for a good price, and the best possible deal while you may want to also secure a good deal for yourself. VAT increase cancelled: what it means for the residential property market In a significant policy reversal, the proposed VAT increase from 15% to 15.5% - which was scheduled to come into effect on 1 May 2025 – has officially been cancelled.