Stefan Antoni Olmesdahl Truen Architects
An apartment designed by the architect Stefan Antoni in Cape Town’s Bantry Bay section.

CAPE TOWN — Reality and the global downturn have flattened the hopes of many South Africans who thought the real estate market would boom as the country welcomed the World Cup.

And perhaps none had greater expectations of impulsive international buyers than owners in Cape Town, a city of about 3.5 million renowned for its sea and mountain views. (Cape Town is one of several host cities for the World Cup. Several matches will be played here, including a semifinal game on July 6.)

By FIONA MACKAY / Published: June 10, 2010 / www.nytimes.com

Andree Laubscher
13 May 2010

WHAT IT MEANS FOR YOUR BOND REPAYMENTS

With mortgage interest rates at 5,5 percentage points below the peak of 15,5% in late 2008, mortgage repayments are currently 28,7% lower than 18 months ago, said Luthando Vutula, Managing Executive of Absa Home Loans.

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The Victoria and Alfred Waterfront in Cape Town, South Africa is widely regarded as the most successful Waterfront development in the world.  It offers residents and visitors a lifestyle and entertainment hub quite unlike any other, attracting some 22 million visitors annually.

In the heart of the Waterfront is the V&A Waterfront Marina, a residential development consisting of 537 prestigious apartments and penthouses which is now regarded as Cape Town's premier residential address neighbouring the 6 star One & Only Resort built by the world renowned Sol Kerzner. 

Discovering new cities, styles, and cultures has always been a fascination of mine so, while on a recent trip to Cape Town, I set out to find what makes this beautiful city so special. What I found was a eclectic mix of emerging fashion designers, cutting edge architects, and experimental chefs living in a modern-day city with old-world charm—not to mention fabulous wine!

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Rentals, on a whole have not performed at an entirely satisfactory level this last holiday season according to DG Rentals of Dogon Group Properties. Bookings were generally down from last year, and the trend seemed to be, fewer days were being booked than usual.

Some holiday owners reduced their daily rates in order to secure bookings and the overall picture was that holiday makers, to a large extent were dictating the rates this year more than the home owners.

Denise Dogon, CEO of Dogon Group Properties, says the upper end of the property market on Cape Town’s Atlantic Seaboard has remained buoyant, defying economists’ predictions. Dogon Group sales for the area amounted to a record R200-million during June, July and August, which are traditionally considered the “slow” months in the property industry, she says.

Exclusive Development Hosts Two Successful Events in Johannesburg and Cape Town

December 3, 2008 – Panama City, Panama – Boasting a world-renowned brand and luxurious location, Trump Ocean Club, the first Trump property in Latin America, recently hosted two successful events in South Africa to introduce the exclusive project to the market. Partnering with Cape Town-based Dogon Group and London-based Moyra Group, the Trump Ocean Club team delivered a compelling presentation to attendees in both Johannesburg and Cape Town which resulted in huge success with 12 units sold in only five days.