Constantia is an affluent residential suburb in the Western Cape province of South Africa, approximately 25 minutes from Cape Town city centre.
Constantia is a suburb steeped in history, dating back to the first Dutch settlers who arrived in the Cape. The suburb is also world famous for its wine and many scenic trails for cyclists, runners and hikers.
Approximately 94% of the properties in Constantia are freehold, with the remainder being freehold properties within private estates. Over the past 12 months, there have been 35 sales registered in the area, with an average price of R10 250 000. Of these sales, 31 were freehold properties and the remaining 4 were freehold properties in private estates.
Majority of the property owners in the area have owned their properties for more than 10 years, with majority of recent buyers into the area being of the ages between 36 and 49.
Over the past few years, Constantia has managed to maintain its' appeal to both swallows and foreigners – with it being considered as one of Cape Town’s highest valued suburbs, according to Lightstone. Following the hit of the pandemic, many have taken the time to rethink their lifestyles, which has resulted in many considering freehold, suburban homes with gardens as their ideal living space – contrary to previous years of individuals wanting to downscale. As such, for the first time since 2018, the luxury property sector has risen above the annual inflation for the sector.