Bumper month for residential property sales on Cape’s Atlantic Seaboard

Bucking the trend of seasonally quieter sales activity in the residential property market during the cold and wet winter months, the Cape’s Atlantic Seaboard has experienced a major uptick in demand and concluded transactions, with Pam Golding Properties reporting record June sales turnover of R240m in this region for that month (2025) alone.

Says Dr Andrew Golding, chief executive of the Pam Golding Property group: “This figure is more than double the previous June high for this highly sought-after coastline, which attracts buyers from around the country and internationally, drawn by the natural scenic beauty, exceptional lifestyle and wide array of amenities in a world-class city. Cape Town is one of the few walkable cities in South Africa, boasting the Promenade on the Atlantic Seaboard and popular streets in the city, such as Bree Street, which enjoy high levels of pedestrian traffic.

“Although currently still in the throes of another very cold winter, during which Cape Town has seen heavy rains, the demand continues unabated. It seems to be more about the prime location and Cape Town being profiled as ‘the place to be’, which has fuelled demand from a variety of buyer categories.”

Basil Moraitis, area manager for Pam Golding Properties, says the sheer scale of demand for property in the area, coupled with the fact that supply constraints are at an all-time low, translates into significantly heightened sales activity on the Atlantic Seaboard – which includes the City Bowl and areas from Foreshore through to Camps Bay.

“The entire Atlantic Seaboard has benefited from the current market conditions, with the City Bowl area being an outperformer for the month (June).

“Buyers have needed to act very quickly to avoid missing out. Typically, many sought-after properties are not being publicly listed but are marketed directly to the agent’s network of purchasers and investors. Now, more than ever, those agents with extensive area knowledge and homeowner contacts are extremely well-positioned to secure off-market listings and sales, due to the prevailing market conditions.”

Moraitis says the buyer profile is broadly represented from all regions in South Africa as well as many international buyers from Northern Europe and also sub-Saharan Africa, and including SA expats who represent one of the largest groups of buyers on the Atlantic Seaboard and in the City Bowl.

“Although buyers are acquiring properties for a variety of reasons, there appears to be an overriding and perhaps even overwhelming desire across the board to secure a foothold in this market. These range from investment properties – given that Cape Town continues to outperform other major metro housing markets by a wide margin, with house price inflation rising by +6.9% in June, retirement and leisure properties – including pieds-à-terre for upcountry purchasers looking to secure a residence for children attending university, or properties for international buyers seeking a bolthole on the Atlantic Seaboard or in the City Bowl,” says Moriatis.

Moraitis adds, however, that entry-level apartments in the city start from R1.65mi for a 30sqm studio, with a one-bedroom apartment starting from a minimum of around R2.3m and a two-bedroom from approximately R2.6m upwards.

In the Marina a one-bedroom apartment sells for around R8.75m, two-bedrooms achieve R13m – R30m, while three-bedrooms and penthouses sell for in excess of R40m.

Issued by Gaye de Villiers on behalf of Pam Golding Properties