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[TOP STORY] Locals priced out as Cape Town’s luxury property market soars

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‘I think we need to just take the R1 billion and put it into perspective - at the average purchase price for foreign buyers of R2.7 million, it's actually only about 370 properties,’ says Grant Smee, CEO of the Only Realty Property Group.
15 Oct 2025 9AM English South Africa Business News · Politics

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