Cape Town luxury property: Sellers under financial pressure, buyers looking for value on Atlantic Seaboard

Cape Town’s Atlantic Seaboard is home to many of South Africa’s wealthiest residents - and it has been a magnet to well-heeled investors from Africa and elsewhere. Some agents say that there has been a notable uptick in demand, especially from European Countries. But Lance Cohen, a specialist in the area, says not so fast with the rosy overviews of luxury Cape Town properties. Get out there and start shopping; properties are cheap at the price. This is a very good time to pick up the property of your dreams. He spoke to Jackie Cameron, of BizNews, about selling prices and volumes in this prime residential real estate sector. Learn more about your ad choices. Visit megaphone.fm/adchoices