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New developments totalling almost R3 billion planned for the inner-city of Cape Town will undoubtedly boost the city's economic growth.
New research by a property investment company in the UK has named Cape Town one of the best cities for growth in property over the next few years. The research is titled: "The 12 rising cities", and has identified the twelve future cities across the globe for real estate.
Absa bank released a report earlier this month that shows May saw minimal year-on-year growth in the average value of homes in the middle segment of the South African housing market, remaining relatively stable and in line with average price growth of between 8% and 9% during the past nine months.
Property investment specialists, real estate agency owners and the power duo from Cape Waterfront Estates, Margie MacKenzie and Clare Putsman, discuss why South Africa has never been better for investing in property.
From humble beginnings, starting out at a home based in Hout Bay, to becoming the leading agency in Llandudno and surrounding areas, is no easy feat.
Clare Putsman and Margie MacKenzie started Cape Waterfront Estates in 1994 and twenty years later, with more than a billion rand in sales, they are the Llandudno, Hout Bay stronghold agency.
Cape Town is the World Design Capital of 2014, this gives the city a chance to use design for social, cultural and economic development to position itself as a spring of opportunity on the global stage.