Reader GD writes:
Saw this statistic posted over at this thread on relestateweb. If it’s true… OUCH!
SAPTG suburb trend: Camps Bay
Year No. Sales 2007 120 2008 88 2009 3 Now assuming conditions don’t get worse (highly unlikely), looks like Camps Bay is forecast for 12 sales year ending 2009 – an unhealthy 86% drop in volumes.
Original Post on Cape Town Property Bubble: Camps Bay: Sales Hit The Brick Wall
