Disconnect between buyers and sellers in Cape Town market
Good Morning Cape Town with Lester Kiewit · 20 July 2026 · 6m
Speaker 1: Good morning, Cape Town. Speaker 2: This is Lester Kivott on Cape Talk. Speaker 1: It is Monday, and it's money on a Monday, this time of the week, let's Speaker 1: talk about Cape Town's property market has spent much of the past decade defying gravity. Speaker 1: The residential property price in the metro has driven by around one hundred and forty Speaker 1: one percent since twenty ten. That's strong growth and why it's because of semigration, Cape Speaker 1: Town's lifestyle appeal, but also the simple reality that there's very little land left to Speaker 1: develop between the mountain and the sea. The only way that the city is growing Speaker 1: and expanding outwards is towards the northern areas of the metro. But while these fundamentals Speaker 1: remain, the appears to be a sign that the market may be entering a new Speaker 1: phasees State agents increasingly reporting a disconnect between buyers and sellers. Buyers are making offers Speaker 1: hundreds of thousands of Rand below the asking price, while the sellers they remain convinced Speaker 1: that their properties are worth significantly more. Real estate specialist Nancy Ushka she joins me, Speaker 1: Now, good morning, Nancy. You've been witnessing and describing this. You you've spoken about a Speaker 1: widening gap between what buyers expectations are and what sellers expectations are. Just how widespread is Speaker 1: this phenomenon of this gulf between what buyers are asking, what sellers are asking for, Speaker 1: but buyers are willing to pay. Speaker 3: Hi, Lester, look like I always tell everybody everything is based on my personal point Speaker 3: of view. It's just what I'm seeing on the ground. And obviously, you know, chatting Speaker 3: to a…
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