Celebrities seek upmarket property in Cape Town

NEW trend of American celebrities wanting to buy property in Cape Town is emerging.

Alan Long, president of Sotheby’s International Realty in California, was recently in Cape Town looking for upmarket suburbs for luxurious properties on behalf of some of his group’s most high-profile California celebrity clients.

Long, who operates in the Malibu area, says it is not uncommon for such clients to buy international properties without having seen them.

He says most of his celebrity clients look for upmarket, secure homes in exclusive suburbs. They include actor Brad Pitt, who bought his most recent house in the US from the Sotheby’s International Realty Malibu brokerage, and Friends star Jennifer Aniston, who recently rented a property from the same office.

Long says suburbs such as Llandudno, Clifton and Bantry Bay appeal to this type of buyer, and budget is not an issue for these buyers.

Rob Stefanutto, who is a director of Sotheby’s International Realty on the Atlantic Seaboard, says he has personally taken two high-profile celebrities to view properties in the Atlantic Seaboard area.

Article from: www.businessday.co.za