Mountain and sea in combination makes the Atlantic Seaboard ideal for your Cape Town property invest
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Posted On :
Nov-13-2010
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Article Word Count :
513
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The best prime real estate in the Cape Town property market is in the Atlantic Seaboard, comprising of four good areas, Clifton, Camps Bay, Hout Bay and Llandudno. All of them have panoramic prospects of both sea and mountain, access to the best beaches in the area, with Whitesand in Hout bay being one of the ten Big wave beaches in the world. Close proximity to the entertainment districts of Camps Bay and Green Point.
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The best prime real estate in the Cape Town property market is in the Atlantic Seaboard, comprising of four good areas, Clifton, Camps Bay, Hout Bay and Llandudno. All of them have panoramic prospects of both sea and mountain, access to the best beaches in the area, with Whitesand in Hout bay being one of the ten Big wave beaches in the world. Close proximity to the entertainment districts of Camps Bay and Green Point.
Investment here ranges from the penthouse apartments to luxury villas that can be rented to tourists for weekly and monthly rates. Statistically the prices here have increased without pause since 1994, when Nelson Mandela opened the country to foreign investment. In 1997 the average price was 700,000 Rands which has risen to 1,300,000 Rands in 2008. The top of the pile are 100 Cape Town properties that sold for 4 million Rands.
A great Cape Town property market is in Central City where you can get an entry level apartment right at the centre of the business district for about 500,000 Rands. A cool bachelor pad is yours for between 1-2 million Rands. These are great for professional who work in the city and can be saved as future investment for their potential for rental income.
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.
With Whitesand beach, which is one of the big wave spots in the world, and a stunning harbor, your Hout bay property would be ideal for beach front living. A population that is a microcosm of South Africa makes Hout Bay an inclusive, friendly and laid back community. This is deal if you are a young couple starting a family or a family wanting to move.
If you are thinking of investing in a Cape Town property for rental in the Atlantic Seaboard then you should know that experts consider growth in this sector will continue with an average rate between 20-25% and thus offers a very good return per investment.
As a location it is very good and with its tourist population promises a great monthly rental income and future capital gain. There are several good letting agents in the area that you can use to administer your Cape Town property for you at 15-20 percent of your gross income.
These agents will advertise and screen tenants for you as well as figure out the agreements, check references and collect the rent. For this to work your Cape Town property must be covered by a comprehensive home owner’s insurance as well as have content coverage. Take advantage of the great condo developments coming up in the area to take advantage of some of the best real estate rentals in the world.
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Article Source :
http://www.articleseen.com/Article_Mountain and sea in combination makes the Atlantic Seaboard ideal for your Cape Town property invest_41574.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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