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Upcountry home buyers flocking to Hout BayMany Gauteng professionals concerned about crime, traffic congestion and schooling, are moving their families to the Cape. Hout Bay’s laid-back lifestyleProperties in Hout Bay are selling fast with the biggest demand being for freestanding houses priced between R2.5m and R4.5m.Luxury property market: What sets it apart is more than price What sets the luxury market apart is its independence from broader economic trends and understanding what drives this market requires looking beyond the numbers to the intangibles that define true luxury.