How to decide which Cape Town property is your ideal second home
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Posted On :
Nov-10-2010
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Article Word Count :
522
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At an all time high after a tremendously successful 2010 FIFA world cup, now is the time to invest in South Africa especially in the immensely popular Cape Town property market. A comparatively weak Rand gives buyers in the Europe, UK and the US incredible buying power ensure that you buy a whole lot of Cape Town property for a relatively lower cost.
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At an all time high after a tremendously successful 2010 FIFA world cup, now is the time to invest in South Africa especially in the immensely popular Cape Town property market. A comparatively weak Rand gives buyers in the Europe, UK and the US incredible buying power ensure that you buy a whole lot of Cape Town property for a relatively lower cost.
Seems unbelievable but its true that you can still buy a luxe 6 bed stand alone house for 600,000 Rands or only 87,000 USD, A four bed house for about 500,000, or 50,000 USD your dream beach home for less than 150,000 Rands, which is only 19,000 USD. Or a city centre walk up for 100,000 Rands a frugal 11,000 USD. Complete with 10 months of sunshine and great weather a year and a lifestyle that is enviable yet affordable compared to back home, a Cape Town property is a perfect investment for a holiday home or a retirement destination.
When looking at a Cape Town suburb to invest in for your holiday home the most some of the things to look at is its proximity to the city centre. Most suburbs are between 20 minutes to 2 hours away, which makes them well within the 2-3 hour drivable distance from a major city with access to an international airport.
Your Cape Town property would also need to be near a lot of recreational activities. Here you are spoilt for choice with white pristine beaches and wonders of a national reserve both being close at hand. There are also a lot of options for cultural activities available with galleries, museums, theatre being close at hand to entertain. With a host of beach front night life to choose from you are in reality spoilt for choice.
The climate is actually one of the greatest pull for vacationers at the Cape. A moderate Mediterranean climate with, rain in the winter and sun all summer long, it is ideal for sitting outdoor at pavement bistros after a spot of shopping. In the winter you can enjoy the views of the snow covered Table Mountain while sitting in front of a log fire inside.
A true indicator of whether to buy your Cape Town property in a particular suburb is the amount of commercial activities that are happening there. Even if you feel that large shopping malls and brand name shops are a damper to the atmosphere they are an indication a of the economic health of a location and via that your investment.
Lastly there is the ‘it’ factor. What is the buzz surrounding a particular Cape Town suburb? Does it indicate that the community has been discovered by celebrities, movers and shaker, if not that at least does it show increased occupation by locals looking to move away form then chaos of city centre life. This is also a very good sign for your Cape Town property as it indicates that the market is on the rise and that your investment is going to prosper.
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Article Source :
http://www.articleseen.com/Article_How to decide which Cape Town property is your ideal second home_41037.aspx
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Author Resource :
Find more information relating to cape town properties, and cape town property here.
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Keywords :
cape town property, cape town properties,
Category :
Business
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Business
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