Luxury Downsizing Fuels Record Cape Apartment Sales

Sales Trends & Highlights

• 30% rise in R20m+ apartment sales on Cape Town’s Atlantic Seaboard in 2025.
• 22 luxury apartments sold over R20m this year, led by the Waterfront (8 sales), Camps Bay (4), Clifton (3), Mouille Point (3), Bantry Bay (2), and Granger Bay (2).
• Average sales price: R7.2m (up 14.2% year-on-year), with record rates hitting R170,000/sqm.
• Demand is driven by semigration buyers from Gauteng/KZN, international investors (Germany, UK), and locals downsizing for lock-up-and-go convenience.
• Airbnb-friendly areas like the Waterfront, Camps Bay, and Sea Point remain investor hotspots with attractive rental returns.

Investor Snapshot - Featured Property

• Property Type: Luxury Waterfront Apartment
• Location: Pinmore, V&A Waterfront, Cape Town
• Price: R45 million
• Size: ±350 sqm (1 unit per floor)
• Returns: High-demand for Airbnb/holiday lets, strong capital growth, premium sqm rates over R130,000
• Notes: Rare front marina apartment with panoramic views. Stock in this block is extremely limited, opportunities to purchase here are rare.

Why It Matters for Investors

• High returns: Short-term rental demand remains strong, with international buyers driving up sqm rates.
• Limited stock: Listings are at their lowest in over a decade, fuelling competition and record prices.
• Proven performance: Sellers achieving 93% - 95% of asking prices, with prime units selling at full price.

Contact
For more information or to arrange a private viewing, contact:
Ross Levin, Seeff Atlantic Seaboard ross.levin@seeff.com