WATCH: Property prices in SA coastal towns to rise [VIDEO]

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According to BusinessTech, the coastal property market in the Western Cape has seen double-digit growth. And it only continues to grow. The South African economy might be in trouble, but the property market in these Western Cape coastal towns is growing rapidly. Steven Neufeld, Manager Principal of Lew Geffen Sotheby’s International Realty Plettenberg Bay, told BusinessTech the average house price increased by 31% in 2021 from R2.48 million to R3.92 million. And although prices only increased by 9% to R3.92 million in 2022, it increased again last year by 26% to R4.84 million.

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NEWS IN A MINUTE ON: SA COASTAL TOWN PROPERTY PRICES ON HIKE

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