PICS: Mouille Point no longer Cinderella of CT luxury market

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The Breakers, Mouille Point. (PGP)
The Breakers, Mouille Point. (PGP)

Cape Town - Property values in Mouille Point, along Cape Town's popular Atlantic Seaboard, have shown a steady increase as investors realise the value of these units, often for buy-to-let purposes, according to Pam Golding Properties (PGP).

Long regarded as the lower-end of the Atlantic Seaboard property market, recent changes to the area, and the advent of the adjacent Waterfront, have seen Mouille Point, now referred to as the Platinum Mile, become as sought-after as its high-end neighbours - challenging the likes of Bantry Bay on a rand/per square metre basis.

Prices rose sharply in 2015 and have remained elevated. With a price escalation of 97.7% since 2011, an investment in a Mouille Point apartment has outperformed the gold price, which showed a 60.1% growth in the past five years, the JSE 40 at 54.2% growth versus inflation at 31.8%, says Sandra Gordon, PGP research analyst.

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