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The worlds waking up to the investment growth of a Cape Town property
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Posted On :
Nov-10-2010
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Article Word Count :
519
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Called the Gold Coast of Cape Town it winds picturesquely from the hubbub of Sea Point, along the stunning pristine beaches of Clifton and Llandudno, to the quiet peaceful yet rapidly growing village of Hout Bay. Part of what is considered to the most exclusive residential zone for Cape Town; it is also known as Millionaires row.
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Called the Gold Coast of Cape Town it winds picturesquely from the hubbub of Sea Point, along the stunning pristine beaches of Clifton and Llandudno, to the quiet peaceful yet rapidly growing village of Hout Bay. Part of what is considered to the most exclusive residential zone for Cape Town; it is also known as Millionaires row.
Living on the Atlantic Seaboard gives you the advantage of its balmy climate and ocean breezes. Watch each day set on the Western Cape as the sun makes its fiery exit into the ocean. Renowned fine dining restaurants, trendy coffee bars and fashionable boutiques brings to this Riviera a cosmopolitan air that is supplemented by its stunning natural beauty.
When Nelson Mandela took over the reigns of the South African government ending all sanctions, it also opened up the property market for foreign investors who have flocked in droves to the Atlantic coastline, this has also escalated the value of Cape Town property market.
Even in a world that is recovering from the onslaught of the most devastating fiscal depredations in modern times, properties ranging in the highest echelons of the market are still viable and much sought after.
In the middle of a boom Cape Town property for sale are fast becoming some of the most sought after properties in the world. Since the opening of the property market to foreign investors, The Cape Town property market has seen a healthy growth fueled by strong interest shown by both domestic and foreign buyers.
The Western Cape is the second most popular tourist destination in South Africa after Gauteng. It has seen a 7.9% growth with 383,309 tourists arriving in the first quarter of 2010. Total Foreign Direct Spend has also increased with a share of 19.6% where the province itself has done 5.5 Billion Rands. This translates into a very lucrative apartment rental and Cape Town property market.
Purchases made in the Cape Town property market in recent time follow the trend of buying older houses with a view to renovate. These spectacular old homes are endowed with big plots that allow you to extend and add as you see fit. Stand alone property is favored over gated estates as this allows the buyer to individualize the design and architecture of his Cape Town property.
Demand in the Cape Town property market is fast overtaking supply. It has increased so much since 2005, availability is fast diminishing. Even when buying and selling within the area people tend to buy up instead of selling out and moving. This is testimonial of Cape Town’s quality of life and what it has to offer.
With superlative views and amazing ocean access, Cape Town property is ripe for investment. Already optioned by a good range of buyers, domestic and foreign the area still has a healthy amount of available Cape Town property without the taint of excess speculation. If you get in on the ground floor now you can reap rich rewards on investment.
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Article Source :
http://www.articleseen.com/Article_The worlds waking up to the investment growth of a Cape Town property_41023.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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