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WATCH | Inside the R92m 'Gatsby' mansion in Houghton

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“I really think it was a labour of love and passion.”

However, Chas Everitt Luxury Portfolio CEO Rory O'Hagan disagreed, saying the luxury market in the country was now in recovery after a decline in late 2018 and early 2019.

O’Hagan said there had been increased interest in SA property among many high net-worth individuals from other parts of Africa, India and China, which have the fastest-growing numbers of millionaires. Seeff said a combination of political noise, landownership concerns and record-low confidence had played a huge role in the market.

 

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