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The current economic climate makes investing In Cape Town Properties for sale a sound idea
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Posted On :
Nov-10-2010
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Article Word Count :
506
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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.
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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.
Always research the following before settling on a location. Make yourself familiar with market conditions of the particular area, best use of the investment property according to that area, financing options and costs, necessary renovations, locating good tenants, tax liabilities, insurance costs and local laws and regulations. Excellent area based reviews are available upon internet search and you would do well to take a look at them.
Don’t expect to retire on a single rental unit in Clifton. To take full advantage of your investment to hedge your bets like any other investment. Also like another investment expect to make money over time.
One of the great investment opportunities right now in the Cape Town area is to flip or resell residential property after renovation. Dotted with traditional Dutch Farmsteads, flipping is a great way to use a house’s existing uniqueness to make it something wholly new and infinitely more desirable.
This procedure has the prospective to be quite profitable as a Dutch farmstead in poor shape can frequently be acquired at prices below market rate and sold at a significant profit even after making large expensive renovations.
Investing in the Cape Town property market is right now a very sound idea. Even with the Rand being stronger it is cheaper to invest in South Africa than to invest in other similar markets in the world.
Voted by UK’s Telegraph Travel Awards as the best foreign city in the world Cape Town is the perfect destination if you are seeking to invest in second homes, rental apartment units, buy for let properties and vacation homes. Its natural beauty is unparalleled and it can be correctly called a lifestyle destination.
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Article Source :
http://www.articleseen.com/Article_The current economic climate makes investing In Cape Town Properties for sale a sound idea_41043.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
:
Business
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