“As cities and other mixed-use precincts become more densely populated, rooftop spaces will become increasingly valuable, which makes penthouses prime real estate for futurefocused investors,” says Adrian Goslett, regional director and chief executive of Re/Max of Southern Africa.
Louise Killeen of Re/Max Living says many of her high-end clients like to live on the top floor where there are no neighbours above them.
“Penthouses provide a feeling of exclusivity while still feeling like a house. They are great lock-up-and-go spaces, offering high levels of security and low maintenance.”
Killeen says levies are shared between the owners.