Cape Town Property Bubble
A look at the Cape Town property market.
Showing posts with label
nautica
.
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Showing posts with label
nautica
.
Show all posts
22 January 2009
When Bank Repos Don't Sell - Milnerton
You know the market is tough when even bank repos don't sell. Here's two ads for the same 3 bedroomed flat in a block called Nautica in Milnerton, one from the end of October 2008 and one from today.
Oct 2008 -
BANK REPO - MILNERON, NAUTICA - R1 700 000
Jan 2009 -
MILNERTON / NAUTICA - BANK REPO - R1 700 000
You'll notice the price has not changed even though it's supposedly negotiable and supposedly below market value.
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