Fireworks in the Cape Town property market in 2023?
Category Cape Town Property Market
The new year has brought with it a surge in buyer activity across the board!
Most notably, interest in the high-end segment of the market - properties priced above R3.5 million - has picked up where it left off at the end of 2022, with no signs of slowing down.
General economic factors that play a role in the Cape Town market that our Quay 1 analysts will be paying close attention to in the first quarter of 2023 are:
- Interest rates
- Inflation
- The political landscape
- Eskom and loadshedding
- Area-specific supply-and-demand graphs
- Rand / dollar exchange rates
- Net rental yields
- Global stock markets and the opportunity-cost role they play in the investor segment
- The recessionary environment in the US
- Global geopolitical tensions
- Covid-19 outbreaks
It's safe to say that we are operating in a world of increasing complexity. For now, trading conditions remain favourable for sellers in Cape Town, which is a welcome change from the market turbulence over the past several years. Either way, 2023 promises to be a year of fireworks!
As a market-leading brokerage, we pride ourselves in maximising our sellers' returns in all market conditions and in turn, we'll be paying close attention to the buy / sell signals in 2023 to ensure that our integrated marketing communication plans #StandOut when it counts!
With more than R1.2 billion in sales and rentals last year, our team of professional brokers is poised to navigate your success in the year ahead!
Out with the old, in with the new! We are excited to announce that Quay 1 is now offering complimentary advanced 'simulation valuations', the first of its kind in the SA property market.
The future of Real Estate is here! Try out our new Quay 1 complimentary market intelligence and see what your Cape Town property could be worth in 4 - 6 years.
GENERATE SIMULATED VALUATION | GENERATE CURRENT VALUATION
Author: Quay 1 International Realty
