Estate agent commentary on Green Point property

Private Property South Africa

Local estate agents describe the property market and lifestyle on Green Point in Cape Town.

What attracts buyers to the area?

Green Point has a unique village vibe with fabulous amenities including Somerset Road packed with trendy street-side spots, shopping and more. It is within walking distance of the V&A Waterfront, and close to the CBD and main arterials. The Sea Point promenade, and Camps Bay and Clifton Blue Flag-rated beaches are on the doorstep, as is the greenbelt and the wonderful Urban Park that even offers an outdoor gym. Living in the area certainly promotes healthy living. The suburb has been transformed with all the new developments around the entire area including neighbouring De Waterkant. Green Point is now one of the most popular urban residential neighbourhoods.

Hilary Biccari and Bryan Ginsburg, Agents, Seeff Atlantic Seaboard

What people can expect to pay for property in the area?

Gone are the days when Green Point was one of Cape Town's suburbs where properties below R1m could be acquired. Lately buyers have to cough up from R1m to R1,7m to enter this property market, which still only gets them a bachelor apartment (parking or garaging not guaranteed) between 35m2 and 49m2. For a bigger apartment with a second bedroom and bathroom and secure parking, be prepared to pay anything between R3,3m and R4m. New developments achieve higher rand/m2 prices. The entry level for full title cottages, mostly semi-detached from 80m2, is around R3m, whereas freestanding and multilevel luxury homes in Upper Green Point range between R10m and R15m.

Petrick Fourie, Professional practitioner in real estate, Chas Everitt

Who is buying property in the area and what types of properties are available?

The increasingly popular seafront suburb offers a choice of properties including sectional title, commercial and freehold. Homes vary from apartment living to single- and double-storey semi-detached cottages, to characterful freestanding homes. These older homes are being snapped up by local and out-of-town developers and then either subdivided or sectionalised and renovated for living or resale. I meet buyers daily who are upscaling or downscaling. Increasingly, they are semigrating to Cape Town from other parts of the country, attracted by the wonderful lifestyle. Mostly from Johannesburg, some new Green Point residents still commute from Cape Town for business and enjoy seafront living over weekends and holidays.

Mandy Mitoulis, Area specialist, Pam Golding Properties

This article originally appeared in Neighbourhood, Sunday Times.


Found this content useful?

Get the best of Private Property's latest news and advice delivered straight to your inbox each week

Related Articles

Bedford’s comprehensive medical centre initiative set to draw more home buyers
This Eastern Cape town is attracting more buyers seeking value under R1 million. The development of a new medical centre will add to the appeal of the area.
Property investment advice from Pam Golding Properties at ’The Property Buyer Show’
In the current environment, making the right investment choices is important. Learn more about your property investment options.
10 of the most expensive houses in South Africa
These super luxury houses with enormous price tags will induce some serious house envy.

Explore neighbourhoods mentioned in this article

Atlantic Seaboard
Beautiful views, beautiful people
Living in the Atlantic Seaboard is the perfect culmination of all things great. The Atlantic Seaboard is comfortably wrapped between the coastline and the mountains. It is an exclusive area with beautiful homes on the mountain, allowing for incredible sea views. Waking up to the fresh smell of the ocean and going for a run along the promenade is standard practice among residents in these areas. It is close to the city centre, with easy access to the national highways, and right on the beachfront.