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Cape Town’s V&A Waterfront property market bucking trends

08 Oct 2019

The property market within Cape Town’s V&A Waterfront remains stable despite the trends seen in other upmarket areas where prices have seen a marked drop.

This three bedroom, two bathroom apartment in the Waterfront, Cape Town, offers a balcony with views of the mountains. It is selling for R11.995 million - click here to view.

This is according to Dogon Group Properties, who confirm that while property turnover in the V&A Waterfront has slowed down with few sales occurring, prices are remaining stable.

“Properties within the V&A Waterfront have only decreased by approximately 10%, and many are still holding their value. Desperate sales simply don’t occur,” says Natacha Neuburger and Karen Rubin, Dogon Group Sales Agents for the area.

“Property prices per square metre within the Marina have dipped by a small degree from R95 000 per square metre to approximately R85 000 per square metre, but this is more a case of prices equalising after a period of rapid and unsustainable growth, rather than a case of devaluing.”

This two bedroom, two-and-a-half bathroom apartment in the Waterfront, Cape Town, has a private balcony with canal views. It is on the market for R13.995 million - click here to view.

The agents say growth at the V&A Waterfront over the past 10 years has been phenomenal, and is set to continue once the market starts to improve. The V&A Waterfront has been voted as one of the most successful marinas in the world, and it is not surprising that properties here are in demand.

Not only are properties situated in a prime location on the water’s edge close to the CBD with easy access to restaurants, shops, coffee shops, bistros, beaches, cinemas, state-of-the-art gyms, museums and an abundance of lifestyle pursuits, but they also offer private boat moorings and are strictly governed by body corporates and a very efficient and well-managed homeowners associations who ensures that the properties within the marina are maintained and run to the highest standards with world-class security.

This two bedroom, two bathroom apartment in the Waterfront, Cape Town, offers an entertainer’s kitchen and wraparound balcony. It is selling for R12 million - click here to view.

Neuburger says for many V&A Waterfront property owners there is the added allure of having a property that experiences high demand for short-term holiday and business lets from international clientele who book through rental agents and hospitality firms.

This means that a property investment within the Waterfront works for the owner when they are not in residence, she says.

Many international celebrities, film crews and high-net-worth individuals who visit Cape Town choose to stay at apartments within the V&A Waterfront as the area offers the best of Cape Town, coupled with privacy and state-of-the-art security -some of the best security in South Africa, in fact.

The whole of the Waterfront precinct continues to expand, with exciting new developments such as the award-winning Silo District, with its renowned Zeitz Mocaa art museum and Lindt Chocolate Studio as examples of the standards to be expected in the area.

This apartment in the Waterfront, Cape Town, offers four bedrooms, four bathrooms, two large covered patios and mountain views. It is on the market for R28 744 280 - click here to view.

“V&A Waterfront attracts high-net-worth individuals and young corporate professionals, and is fast becoming a hub for the financial sector.

“We do not anticipate the popularity of the V&A Waterfront to abate any time soon,” says Rubin.

“Despite the downturn of sales, Dogon Group continues to have enquiries.”

Dogon recently sold a one bedroom apartment in one of the newest blocks of the Waterfront Marina, Juliette, for R6 million. This special apartment offers a spacious en-suite bedroom and ample living area, and both rooms lead out onto a large verandah overlooking the beautiful marina canals.

This secure estate consists of 500 dwelling units with over 200 boat moorings found in the heart of the V&A Waterfront. Nestled between the prestigious Cape Grace and One and Only, the estate offers convenience and ease of living. State-of-the-art security is a major feature of the development, with full perimeter security, electric fencing, CCTV, access control at all security entrances and video monitoring from your apartment and lobbies.

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