Recent content by nova.york

Finding only one completed sale changed my view of the evidence; the other three comparisons are asking prices. The property is a 3-bed coastal home in Cape Town, about 135 m² and in average condition, listed for ZAR 26,030,000 after 10 days. Its light and position are appealing, but the...

I’m assessing a 3-bed serviced apartment in Cape Town at ZAR 20,840,000. Expected rent is ZAR 139,200 per month, which gives a headline gross yield of roughly 8.0% before costs. The building appears sound, but I’m concerned that insurance could materially alter the result. My conservative...