Maps Maponyane( entrepreneur, TV presenter and actor) and Lance Chalwin-Milton( director, High Street Auction Co) at the launch of the group’ s diversification from property in to luxury goods collectibles and classic cars in Cape Town.
Maps Maponyane( entrepreneur, TV presenter and actor) and Lance Chalwin-Milton( director, High Street Auction Co) at the launch of the group’ s diversification from property in to luxury goods collectibles and classic cars in Cape Town.
Even within South Africa, the semigration to Cape Town continues with demand driving up prices across the entire property spectrum in stark contrast to other markets which have remained largely remained stagnant.
The quality of life, scenic beauty, access to good education and more have fuelled the residential market which, according to Lighthouse, has seen house prices grow by 6.5 % year on year compared to the national average of 3.9 %.
This has had a knock-on effect with many business executives relocating from centres such as Gauteng and KwaZulu-Natal bringing their businesses with them and hence also investing in commercial and industrial properties.
32 REI MAGAZINE JUNE 2025