South Africa’s most sought-after city

From www.timeslive.co.za:

Seven of South Africa’s 10 most expensive suburbs are located in Cape Town, which now holds the unofficial title of South Africa’s most sought-after city. Top of the list is Clifton, where R35million sea-facing villas have been demolished to make way for a R100 million mansion. Llandudno is in third place, where the average price for a property is R8,5million. The Cape Town Waterfront recently saw a penthouse apartment sold for R100 million.

Engel & Völkers says:

Cape Town is the continent’s premier property market, and Engel & Völkers makes the most of its international networks to promote the properties its real estate professionals manage. While we have extensive networks in Cape Town, we continue to look for partners in areas like Clifton, Llandudno and other exclusive locations.

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Are you a protected consumer?

From www.iol.co.za:

Estate agents will have to take it upon themselves to ensure that sellers and buyers fully understand the meaning and legal effect of all mandate agreements and contracts that they enter into, once the Consumer Protection Act comes into effect on 25 October 2010.

Engel & Völkers says:

Engel & Völkers real estate professionals regularly attend training programmes to ensure that they are up to date with any changes in the legal environment. They are well versed in the implication of the new Act, and are fully equipped to explain its implications to buyers and sellers.

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