Reader Bean Counter writes:
This house was R6.9 million in Feb and is now priced R4.9 million. That’s 29 percent in one fell swoop, but perhaps still not enough – interesting to see if this place moves even at this “cheap” price. I doubt it, as this looks like one of those classic Old SA hellholes, a sort of central Hotel thing on a busy road in the sandblasted misery of the Strand.
Original Post on Cape Town Property Bubble: Big Price Drops In Strand
