Ex­pen­sive ar­eas

Weekend Argus (Saturday Edition) - - PROPERTY -

for un­der R2m with­out a bun fight on the first day of its re­lease.

Steve Thomas, the fran­chise man­ager for Lew Gef­fen Sotheby’s In­ter­na­tional Realty in False Bay and No­ord­hoek, says that False Bay, Fish Hoek and No­ord­hoek prop­er­ties tend to be more af­ford­able at fam­ily-size en­try level than most other sub­urbs in Cape Town’s south.

“An apart­ment in Wyn­berg or Plum­stead that needs re­fur­bish­ment and is on the mar­ket for around R1.2m to R1.3m will sell within a mat­ter of hours at the mo­ment – it’s def­i­nitely a flip­ping mar­ket. But if you’re look­ing for some­where to live, Fish Hoek of­fers sim­i­lar prop­er­ties for less than R1m and it’s still pos­si­ble to buy a three- bed­room house for be­tween R1.9m and R2.4m, but you do need to be on your toes here as well, be­cause while they may not sell within hours we’ll usu­ally take of­fers within a week.”

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