--- title: Camps Bay Property Market Update - June 2021 - Nox Management description: "The property sales market is experiencing a substantial improvement in terms of numbers of sales. What is driving this improved activity? In our opinion, it’s a combination of: Low interest rates, pent-up demand, semigration and adjusted seller expectations." image: https://blog.nox.capetown/hubfs/Imported_Blog_Media/Market-Update-2.jpg --- [![Nox. rent. buy. manage. sell](https://blog.nox.capetown/hs-fs/hubfs/rent.%20buy.%20manage.%20sell-2.png?width=155&height=87&name=rent.%20buy.%20manage.%20sell-2.png "Nox. rent. buy. manage. sell")](https://nox.capetown/) [![Nox. rent. buy. manage. sell](https://blog.nox.capetown/hs-fs/hubfs/rent.%20buy.%20manage.%20sell-2.png?width=210&height=118&name=rent.%20buy.%20manage.%20sell-2.png "Nox. rent. buy. manage. sell")](https://nox.capetown/) [![Nox. rent. buy. manage. sell](https://blog.nox.capetown/hs-fs/hubfs/rent.%20buy.%20manage.%20sell-2.png?width=210&height=118&name=rent.%20buy.%20manage.%20sell-2.png "Nox. rent. buy. manage. sell")](https://nox.capetown/) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. - [Property Management](https://noxmanagement.co.za/) - [Property Sales](https://www.noxproperty.co.za/) - [Holiday Rentals](https://www.noxrentals.com/) - More - [Blog](https://blog.nox.capetown/blog) - [We Give Back](https://nox.capetown/we-give-back/) - [Nox in the Press](https://nox.capetown/nox-in-the-press/) - [Contact Us](https://nox.capetown/contact-us/) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. # Camps Bay Property Market Update – June 2021 by [Nox](https://blog.nox.capetown/blog/author/nox) | Jun 1, 2021 - **Low interest rates:** the prime rate is at it’s lowest point since 1965 and is expected to stay low for the foreseeable future - **Pent-up demand:** the coronavirus pandemic significantly reduced property sales - **Continued “semigration”:** there is an accelerating trend of people choosing to move for higher standard of living as more workers are able to operate remotely for extended periods - **Adjusted seller expectations:** price expectations have reduced materially, and per SQM pricing is 25% to 30% below the peaks achieved in 2017/18 - **Reduced political risk/improved political confidence:** there appears to be significant progress in the ANC and SA government fight against corruption We’ve seen a marked increase in the number of foreign buyers looking to purchase in the area, both as holiday homes and people looking to immigrate to South Africa. #### Camps Bay Sales The chart below clearly shows the increase in activity in the Camps Bay market (especially in full title properties). 16 of the 18 apartments sold in June 2019 were a single transaction (the sale of the Woodlands apartment block in Upper Tree Road). ![](https://blog.nox.capetown/hs-fs/hubfs/Imported_Blog_Media/Camps-Bay-3.jpg?width=938&height=546&name=Camps-Bay-3.jpg) Camps Bay Full title and Sectional Title Sales Per square meter pricing of both full title and sectional title properties is materially down, and the average for the past twelve months is approximately R45,000 per sqm (down from approximately R60,000 two to three years ago). ![](https://blog.nox.capetown/hs-fs/hubfs/Imported_Blog_Media/Camps-Bay-ave-pricing-2.jpg?width=987&height=614&name=Camps-Bay-ave-pricing-2.jpg) Camps Bay Prices per Square Meter #### Clifton Sales Clifton is also experiencing increased activity, and although the volumes are not increasing as fast, the prices being achieved have been encouraging and appear to be rebounding quickly. ![](https://blog.nox.capetown/hs-fs/hubfs/Imported_Blog_Media/Clifton-2.jpg?width=923&height=553&name=Clifton-2.jpg) Clifton Full Title and Sectional Title Sales ![](https://blog.nox.capetown/hs-fs/hubfs/Imported_Blog_Media/Clifton-ave-pricing-2.jpg?width=983&height=607&name=Clifton-ave-pricing-2.jpg) Clifton Prices per Square Meter [< Previous Post](https://blog.nox.capetown/blog/padel-tennis-comes-to-camps-bay) [Next Post >](https://blog.nox.capetown/blog/sky-hi-ride-an-exhilarating-cape-town-experience) Recent posts [Why Winter Is Actually a Great Time to Visit Cape Town](https://blog.nox.capetown/blog/why-winter-is-actually-a-great-time-to-visit-cape-town) [Cape Town Wine Farms with the Cosiest Tastings](https://blog.nox.capetown/blog/cape-town-wine-farms-with-the-cosiest-tastings) [Best Bakeries in Cape Town for a Rainy Morning](https://blog.nox.capetown/blog/best-bakeries-in-cape-town-for-a-rainy-morning) [What's On in Cape Town in July 2026](https://blog.nox.capetown/blog/whats-on-in-cape-town-in-july-2026) [Where to See Snow Near Cape Town: A Guide to Matroosberg and Beyond](https://blog.nox.capetown/blog/where-to-see-snow-near-cape-town-a-guide-to-matroosberg-and-beyond) ### Subscribe to blog [![NOX. rent. buy. manage. sell](https://blog.nox.capetown/hs-fs/hubfs/rent.%20buy.%20manage.%20sell-2.png?width=205&height=115&name=rent.%20buy.%20manage.%20sell-2.png "NOX. rent. buy. manage. sell")](https://nox.capetown/) #### Quick Links --- [Property Management](https://noxmanagement.co.za/?__hstc=2313647.43a2b64962d5b73d0b5aec151d98d567.1757947230699.1757947230699.1757947230699.1&__hssc=2313647.1.1757947230699&__hsfp=3975824757) [Property Sales](https://www.noxproperty.co.za/?__hstc=2313647.43a2b64962d5b73d0b5aec151d98d567.1757947230699.1757947230699.1757947230699.1&__hssc=2313647.1.1757947230699&__hsfp=3975824757) [Holiday Rentals](https://www.noxrentals.com/?__hstc=2313647.43a2b64962d5b73d0b5aec151d98d567.1757947230699.1757947230699.1757947230699.1&__hssc=2313647.1.1757947230699&__hsfp=3975824757) [About Nox](https://nox.capetown/about/) [Terms of Use](https://nox.capetown/terms-of-use/) [Privacy Policy](https://www.noxrentals.com/privacy-policy?__hstc=2313647.43a2b64962d5b73d0b5aec151d98d567.1757947230699.1757947230699.1757947230699.1&__hssc=2313647.1.1757947230699&__hsfp=3975824757) #### Contact Us --- Nox Cape Town 1st Floor, 13 Totnes Avenue Camps Bay, Cape Town, 8005 +27 21 201 1217 [info@nox.capetown](mailto:info@nox.capetown) [Follow us on Facebook](https://www.facebook.com/noxcapetown) [Follow us on Facebook](https://za.pinterest.com/noxcapetown/) [Follow us on X](https://www.youtube.com/@noxcapetown570) [Follow us on LinkedIn](https://www.linkedin.com/) [Follow us on Instagram](https://www.instagram.com/noxcapetown/) [Follow us on Facebook](https://www.facebook.com/noxcapetown) [Follow us on Facebook](https://za.pinterest.com/noxcapetown/) [Follow us on X](https://www.youtube.com/@noxcapetown570) [Follow us on LinkedIn](https://www.linkedin.com/) [Follow us on Instagram](https://www.instagram.com/noxcapetown/) #### Sign up to our Blog --- Copyright © Nox 2026 All rights reserved. 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