Property
The South African property market, though still arguably undervalued has seen high growth since 2003 and most prime Kloof properties sell for between R2,000,000 and R3,000,000 which is well above the regional average (which is under R800,000.) The larger homes, rarely on the market, are sold for between R6,000,000 and R30,000,000. These are, however, still at a discount by international standards.
Although it is regarded as a mature suburb, with most of the Upper Highway Area's recent condominium developments taking place in neighbouring Hillcrest, rich residents and newcomers are still building large houses where land is available, though these are built in Tuscan, Tudorbethan and modern designs. Today one can find almost any style of architecture in Kloof.
Read more about this topic: Kloof
Famous quotes containing the word property:
“I must feel pride in my friend’s accomplishments as if they were mine,—and a property in his virtues. I feel as warmly when he is praised, as the lover when he hears applause of his engaged maiden.”
—Ralph Waldo Emerson (1803–1882)
“A few days later the younger son gathered all he had and traveled to a distant country, and there he squandered his property in dissolute living.”
—Bible: New Testament, Luke 15:13.
“Children are potentially free and their life directly embodies nothing save potential freedom. Consequently they are not things and cannot be the property either of their parents or others.”
—Georg Wilhelm Friedrich Hegel (1770–1831)