Sentences with phrase «upcountry investors»
Steve Thomas, Franchise Manager for Lew Geffen Sotheby's International Realty in False Bay and Noordhoek, says: «Ironically, Cape Town's market strength is being boosted by the ever - growing number of upcountry investors who now account for up to 30 % of buyers in the most sought - after areas, with sales peaking during the summer holiday season.
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«The growing influx of upcountry investors moving to the Cape has seen property prices in Cape Town soar and, as a result, buyers started to look further afield to other coastal towns where they can enjoy a similar lifestyle at more accessible prices.