Dur­ing the past five

Weekend Argus (Saturday Edition) - - PROPERTY -

years have

de­mand for these apart­ments and some­times place of­fers even be­fore see­ing them as they know from ex­pe­ri­ence that in the time it takes them to fly to Cape Town for a view­ing, the apart­ment is likely to be sold.”

Milne says there is also a huge de­mand for sec­tional ti­tle units in mod­ern com­plexes that of­fer 24hour se­cu­rity as well as safe off­street park­ing.

“These two cri­te­ria top the list for many of my clients and buy­ers will of­ten in­crease the amount they are will­ing to pay if the apart­ment in­cludes a garage or a park­ing bay.”

Tina Ma­lyon of Lew Gef­fen Sotheby’s in Mow­bray and Rose­bank says that al­though these sub­urbs still of­fer good value com­pared to their pricier neigh­bours, it is very rare to find a house in Rose­bank for less than R3.5m and in Mow­bray house prices now start at R2.6m.

“It is com­mon for well-priced homes to sell within a week and I have a grow­ing wait­ing list of buy­ers who lost out on these quick sales. In­stead of show days on Sun­days I now have mini show days dur­ing the week be­tween 2pm and 5pm which at­tract the se­ri­ous buy­ers and who very of­ten put in of­fers im­me­di­ately.”

Dave Burger of Lew Gef­fen Sotheby’s in Ke­nil­worth and Harfield Vil­lage says that since the be­gin­ning of the year, stock has be­come much harder to source and they now have a wait­ing list of buy­ers.

“The prob­lem is also ex­ac­er­bated by sell­ers who are hold­ing out for

This ren­o­vated two-bed­room Ron­de­bosch flat is for sale at R2.35 mil­lion.

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