Historic Newlands property selling fast

Newlands is one of the fastest-selling areas in Cape Town this year. Propstats data shows that properties are selling within two weeks on average, says Stephen Buerger, a property professional with Seeff Southern Suburbs.

The average property price for Newlands according to Propstats data stands at R9 948 958 for last year, up by 16% year-on-year (2024 vs 2025). Sales are concluded significantly faster now compared to prior years, given the stock shortages.

Some 64.7% of all sales this year are over R10m. Buerger says high-value sales are becoming more prevalent, with prices achieved of up to R17m to almost R30m. Remarkably, sellers are achieving excellent prices, with the average discount on the asking prices being just 3.2% this year.

The central location, access to top schools and amenities, mountain views and historic setting are among the main drawcards. It is not just in demand with local and semigration residential buyers, but demand for urban retirement living is surging, yet the supply of high-end options remains remarkably low, he says.

Retirees looking to downsize while still able to remain in high-end urban areas such as the Southern Suburbs have faced a lack of bespoke, luxury estates which cater to an independent lifestyle rather than a traditional retirement model. To address this gap, Buerger says, a significant new development has launched at the historic Cannon Brewery site in Newlands.

Buerger says this is one of the most exciting new developments in the Newlands area, and is set to attract significant attention given the high demand in the market. It is located in the heart of one of the most desirable neighbourhoods in the sought-after Southern Suburbs.

Issued by Gina Meintjes