Cape Town Property - Affordability In The South Peninsula

By Author: ricky ponting
Total Articles: 87
Comment this article

With tough economic conditions and problems of finding mortgage finance it is very important to find affordable yet viable housing in the Cape Town Property for sale market.

This is especially true if you are a first time buyer and a late entrant in the boom. Accessibility is very important if you are scaling down as a retiree or you need to sale up for your growing family.

Yet affordable housing is not a fantasy as there are still certain Cape Town suburbs that will give you the quality of life that you want without putting you in debt forever. A well built and decent home between R600, 000 to 3 million Rands is not a myth. Starting from compact apartments favored by young couples to larger detached homes there is still value for money to be got in the Cape Town Properties for sale if you know where to look for it.

South Peninsula and its lovely townships can offer a number of extremely viable Cape Town property options for the buyers with a budget under 3 million Rands. These economical gems can if you are lucky come with a view and if you keep looking have beach front access

A detached home ...
... with 3 bedrooms can be yours in Kommetjie under 2million Rands, a quaint cottage for 1.25 million Rands in Scarborough. There are also other such reasonably priced deals available in Fish Hoek where one can obtain 1 or 2 bed apartments for as little as 500-600,000 Rands. Detached homes in Fish Hoek go as little as 850,000 Rands to 1.4 million.

Mountainside Cape Town properties with panoramic views can be more pricy; however they are still within reach at 1.8 - 3 million Rands. The town of Fish Hoek has forever been a long time favorite with retirees because of its lovely level and accessible beachfront. It is now also home to lots of young families and professionals who prefer to commute to town.

Places like Noordhoek and Kommetjie are now the preferred destination for young couples who want a more affordable Cape Town property and choose them so that they can raise their children in a more pastoral environment, and who would like the option of a larger home with more acreage.

Cape Town properties in the southern suburbs are known for their quality family lifestyle and their sizeable homes with large plots. Positioned near the University of Cape Town and many other top schools its reputation is well founded. Most first time buyers would love to own a piece of this real estate dream but balk at what they think will be extremely high price tags.

This however doesn't have to be so as you will find out if you do the round of agents listed in that area. The good news for budget buyers is that there are a number of options available here for both first time entry level buyers and young couples who want a share of the Cape Town property pie. Many choices are also there for buyers looking to trade up and upgrade to larger family homes.

Find more information relating to cape town properties, and cape town property here.