|
|
Economic climate makes investing In Cape Town properties for sale as sound idea
|
|
Posted On :
Nov-13-2010
| seen (430) times |
Article Word Count :
545
|
|
The current economic climate makes investing In Cape Town properties for sale as sound idea – however before taking the plunge, be sure to do some research on what real estate will give you the best return.
|
|
The current economic climate makes investing In Cape Town properties for sale as sound idea – however before taking the plunge, be sure to do some research on what real estate will give you the best return.
The first fundamental is to figure out the quantum of gain. Do you want to make a killing in the short term or are you patient enough to weather out the Cape Town property market in the log term.
What you answer here will decide the direction of your investment in the Cape Town property market. If you are only interested in short term gain, you need to look at properties that are heavily in demand like beach front apartments on the premium suburbs of the Atlantic Seaboard. This however can be risky as these suburbs are already priced high. If instead you are willing to be patient for your return there a good range of suburbs that are slowly getting gentrified and in the next decade will become very desirable pieces of real estate.
Any real estate investment even when it’s very rewarding is risky. Before wetting your beak you need to be aware of some of the basics of real estate investment before investing in the Cape Town property market.
If you want to live near the sea the Cape Town property for you is in Mouille Point, where you can still get a single bedroom apartment starting from about 1.25 million Rands. In next door Green Point, bachelor units go for around 500.000 Rands and large two-bedroom houses fetch closer to 2 million Rands.
Premium areas like Vredehoek and Oranjezicht is more expensive but you can still buy a second hand home or a fixer upper under 2.5 million Rands. The buoyancy in the Cape Town property market is fueled by the rising middle class who are seeking to take their new found wealth out into the suburbs. If you are buying as an investment the peninsula is as sound an investment as it gets.
Suburbs like Sunningdale, Flamingo Vlei, and Bloubergrant have a good variety of studio apartments, gated complexes and detached homes. Also popular are newer developments like Big Bay and golf estates. The challenges of acquiring mortgage finance might hassle but it does not stop buyers from making an offer as the demand is strongly there.
If you want to shop for your dream home in the pricier areas of the Cape Town property market you better have deep purses lined with money. There is no bargain basement house, no hidden gem, they do not exist. When you purchase here you are doing it for long term satisfaction and are looking for you primary home or a vacation house for yourself. The only way to find anything that looks like deal is through an agent who has her nose to ground and nose the in and outs of the area
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.
|
|
|
|
Article Source :
http://www.articleseen.com/Article_Economic climate makes investing In Cape Town properties for sale as sound idea_41571.aspx
|
|
Author Resource :
Find more information relating to cape town properties, and cape town property here.
|
|
Keywords :
cape town property, cape town properties,
Category :
Business
:
Business
|
|
|
|
|
|
