Cape Town property
Category Property news
The Cape Town property market has always been a good investment. This statement rings true from the time of the city’s founding in 1652 till today, as South Africa’s mother city still ranks highly as a prime investment location globally.
Mike Greeff, CEO of Greeff Christie’s International Real Estate shared his thoughts on Cape Town property. “The Cape property market is the ultimate “sure thing”. There is always a good time to invest and that is now. Cape Town’s rich heritage combined with excellent value for money make it an investors dream. There is the added value of Cape Town being the lifestyle capital of South Africa as well as being a year-round holiday destination.”
Historic significance
Cape Town is South Africa’s oldest and most historic city with a variety of museums and notable landmarks punctuating its landscape. The city features a plethora of firsts and oldests, ranging from churches, to canning factories, to botanical gardens and breweries. The Mother City is also the time-honoured home to the country’s parliament buildings and the South African Navy. Cape Town property never depreciates in value and with the city constantly expanding, any outlay of cash will provide an immediate and significant return on investment.
Geographic appeal
Cape Town is seen by many as being the gateway into South Africa and the rest of Africa. The city offers a well established road and rail network that connects the Western and Eastern regions as well as a direct link to the Northern and Central provinces. The world-famous Table Mountain forms the inner boundary of the city and its iconic silhouette is visible from every direction. Cape Town Property bordering the mountain is prized real estate and is snapped up very quickly as the entire mountain is a protected natural site. Eco-estates have become extremely popular and showcase the natural terrain, fauna and flora while keeping encroachment impact to the bare minimum through the use of eco-friendly design and renewable energy application. Access to Cape Town by air is via Cape Town International Airport which has been ranked the number one airport in Africa for the third year running.
Lifestyle and entertainment
The city that never sleeps serves up a smorgasbord of entertainment for the entire family. While that may sound quite cliché it is an accurate description of the scope of activities on offer. Cape Town is home to some of the best wine farms in the world and have equally renowned restaurants to showcase them. Property in and along the Cape Wine Route offers unsurpassed views as well as country estate lifestyle. Many wine farms, have over time, diversified their core business to include restaurants, bakeries, fruit, vegetables and honey farms as well as guesthouses. The V&A Waterfront offers a shopping paradise with an eclectic mix of local and international brands as well as watersports, land, sea and air tours of the city. Property in the Cape Town City Bowl, is perfect for those seeking a healthy work-life balance, as well as those that enjoy the melting-pot of cultures that the City represents. The City features beachfront views, cosmopolitan lifestyle and excellent infrastructure.
Business and Technology
Big businesses are no strangers to Cape Town as the city is home to the South African and African Headquarters of numerous international conglomerates. The area just beyond the City Bowl has earned itself the reputation of being a tech hub and hotspot for startups. This silicon strip is entrepreneurship and networking heaven as the economic ecosystem has shown consistent year-on-year growth and development. Cape Town property in this area offers excellent value for money, with designer loft style apartments and studios becoming increasingly popular.
Author: Lauren Daniels
