Cape Town Property, Where The World Wants To Own A Home

By Author: ricky ponting
Total Articles: 87
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Cape Town comes with a mild Mediterranean climate all year to live in and gives you the option of waking up every day to a sunrise that is right of an impressionist canvas. This is one of the biggest reasons why your Cape Town property is in one of those lucky places like Tuscany where everybody in the world wants to have a home.
Premium location, the best quality in housing, communities that are diverse, these are just some of the reason why the world wants to own a Cape Town property. Between December and March the real estate scene is in flux as everybody is trying to hire a villa or apartment to see what everybody is talking about.
Sandwiched between the Coast and the Table Mountain there is only so much land available for expansion on the Atlantic Seaboard. It's definitely not enough to cater to the demands of both foreign and domestic buyers. Since all constructions are limited to an imaginary line that ends at the National Park even the new developments are restricted. South Africa has 10% of all the flora on Earth and all care is being taken to safeguard its 8000 plant species.
Since the availability ...
... in the Cape Town property market is capped by these restrictions, supply is limited. The demand however is increasing every day. The Local economy is prosperous, ex pats are returning home every day and foreign visitors come, fall in love with the milieu and decide to stay, the Cape Town property market tries to cater to this increased demand for these premium properties.
So what would this fantasy cost to achieve? It is surprisingly little considering what you are getting for it. To start it depends on what type of a home you are seeking to buy. Prices on the Atlantic coast can range from between $100,000 to upto 6 million. Starting at a functional one bed apartment it can go upto the kit and caboodle with designer homes that are avant-garde, technical marvels, mentioned in architectural magazine and have won awards.
If you want a basic Cape Town property in an Atlantic suburb as a second home which is a good investment, the following should help you achieve it. At the cheaper end of the spectrum are quaint suburbs like Green Point or Anchor Bay, Sea Point or Mouille Point. Made up of apartment blocks and smaller cottages, there are still affordable gems to be found here like sea view bed-sits that still sell for $100,000. This won't last long though as only in the last year Mouille Point has shown a price increase of a staggering 193%.
With neighborhoods that were rundown even a couple of years ago fast regenerating into extremely palatable developments it's a race to get in while the prices are still relatively low. With citizen groups and improvement trusts acting in congress to clean up there acts, what used to be run down are fast turning into sleek developments that are surrounded by amenities and cafes and shopping malls. Trendy bars and restaurant patios are filled with tourists who are on the look out for rentals. Investing in a Cape Town property here is a sound decision as you won't have trouble finding tenants or future buyers.

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