Cape Town property bubble bursting

07 July 2019 - 00:14 By BOBBY JORDAN

An oversupply of residential property in Cape Town's city centre is driving down prices, spooking investors but offering hope to tenants who have battled skyrocketing rentals.

Some flagship developments have stalled and others are on hold as property stakeholders battle a perfect storm of negative market sentiment, low demand and gloomy economic indicators. And the situation looks set to worsen before it improves, with more top-end accommodation coming to market...

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