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Latest Western Cape Property News — 2026-02-02


2026 Shapes Up as Breakthrough Year for SA Homebuyers


South Africa's property market is showing clear signs that 2026 could mark a turning point for aspirant homebuyers. According to BetterBond's January Property Brief, the housing market is tipping back in buyers' favour, driven by falling bond repayments and the prospect of further interest rate cuts. Interest rates have dropped from 11.75% to 10.25% in less than a year, with bond applications up 14.6% year on year — the highest level in three years — and 26% above the 2023 lows.


Forecasters anticipate further rate cuts in March and September 2026, potentially lowering the repo rate to 6.25%. Combined with South Africa's removal from the FATF grey list, which has boosted investor confidence by 30-35%, conditions are increasingly favourable for those who have been waiting on the sidelines.




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Western Cape Maintains 7.3% Price Growth, Outperforming National Average


The Western Cape continues to dominate South Africa's property market, with Lightstone data revealing the province achieved 7.3% year-on-year house price growth compared to the national average of just 1.7%. The region maintains the highest average house price at R2.1 million — approximately 40% higher than the national average of R1.6 million.


This performance is driven by sustained semigration, persistent stock shortages, and strong buyer demand. The critical inventory shortage is expected to persist, cementing 2026 as a continued seller's market in the Cape. The rental market mirrors this strength, with the Western Cape's average rental at R11,454 per month — well above the national average of R9,218.


Published: January 2026


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Cape Town Luxury Market Hits Record R11.3 Billion in Sales


Cape Town's luxury property market is thriving, with record-breaking sales across the Atlantic Seaboard and City Bowl. Total sales value surged 26% to R11.3 billion, up from R8.9 billion in 2024. High-end suburbs like Fresnaye are experiencing strong capital growth, fuelled by limited supply and premium lifestyle appeal.


With strong demand, limited stock, and ongoing development including expansions at the V&A Waterfront, both rental and sales markets are poised for continued growth through 2026.


Published: January 2026


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Western Cape Maintains 7.3% Price Growth, Outperforming National Average


The Western Cape continues to dominate South Africa's property market, with Lightstone data revealing the provinc


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Consider Haasendal Estate to live or invest. Quality Luxury Houses and Apartments in the growth hotspot of the Northern Suburbs. Call Christo 082 4949 255 or Peter for more info or to arrange a personal tour.e achieved 7

Published: 28 January 2026


 
 
 

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