KF: Cape Town prime housing prices up 6.0% y-o-y in 1Q15
Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in Cape Town rose by 6.0% y-o-y in 1Q15. The index had fallen by 1.3% since the beginning of 2015 and by 4.0% in 1Q15 alone. Cape Town’s y-o-y rise was the 14th largest of the 35 cities for which KF published data. Cape Town was in 36th position in KF’s ranking of the 40 most important cities for UNHWIs worldwide in 2015, which appeared in its Global Cities survey early this year.
Source : August 2015/KF/Cape Town/RES