In Feb 2008, the asking price for a 1 bed loft apartment in Mutual Heights was R825 000.
In Feb 2010, the asking price for a 1 bed loft apartment in Mutual Heights is R750 000.
6 comments:
Bean Counter
said...
Thanks to a little varmint called inflation (let's say 6%), R750,000 in Feb 2010 money is about the same as R668,000 in Feb 2008 money.
Back in 2008 would this seller ever have imagined, in his worst nightmares, that he'd be asking (and probably not getting) R668,000 for his specuvestor pad?
I always loved the look of Mutual Place... that was until I experienced the pokey long narrow apartments within, some of which don't even have windows but "internal windows" looking into the atrium. I'm not joking, it is like being in one of those tall prison blocks you see in the movies. Except here you pay for the privilege lol
In Feb 2008, the asking price for a 1 bed loft apartment in Mutual Heights was R825 000.
6 comments:
Thanks to a little varmint called inflation (let's say 6%), R750,000 in Feb 2010 money is about the same as R668,000 in Feb 2008 money.
Back in 2008 would this seller ever have imagined, in his worst nightmares, that he'd be asking (and probably not getting) R668,000 for his specuvestor pad?
Slightly off the topic:
Australian Housing Bubble About to Burst, Market About to Crash
http://www.marketoracle.co.uk/Article16958.html
Is it just me thinking there are similarities between us and them?
Another bubble about to burst: China
http://www.bloomberg.com/apps/news?pid=20601109&sid=aQuZnQ1PGBv8&pos=13
So, its better off to rent the lifestyle and buy-to-let at this point in time in Cape Town?
Anon - Rent for sure. You can rent a 10 mil house in Constantia for R30k per month.
I always loved the look of Mutual Place... that was until I experienced the pokey long narrow apartments within, some of which don't even have windows but "internal windows" looking into the atrium. I'm not joking, it is like being in one of those tall prison blocks you see in the movies. Except here you pay for the privilege lol
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