Variety is the cornerstone of the Cape Town property market
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Posted On :
Nov-13-2010
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Article Word Count :
516
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Even with the way the global financial scenario is, the Cape Town property market remains positive and buoyant. According to experts the investment in Cape Town property for the time being still remains largely undervalued.
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Even with the way the global financial scenario is, the Cape Town property market remains positive and buoyant. According to experts the investment in Cape Town property for the time being still remains largely undervalued.
Political stability has been assured by the latest democratic election in South Africa, which the international community has given a fair verdict. This has also brought a government that is interested in infrastructure spending that will ensure the future growth in property prices. Riding on the wave of an extremely successful FIFA World Cup Cape Town property is booming.
The Cape Town property market scenario is varied, with a whole range of investments that are still reasonably priced and can be expected to exponentially increase in value in the future. These are Cape wine estates, guest houses and villas on the Garden Route, the much in demand Atlantic Seaboard and bushveld game farms.
With companies specialized in prime Cape Town property to assist investors in their search for the best opportunity, the risk is worth the taking. For a paltry 1 million Euro, you can be the owner of a 130 hectare olive and wine farm that you can supplement as a guest house, it comes equipped with dams and fresh clear spring water from the mountains around it. It is this and many more like it that is drawing investor gurus to the Cape.
All the above Cape Town property types have the potential to generate its own income. This means that they can reduce their own fiscal load while appreciating in capital value. Cape wines have excellent export prospective, which has steeply increased since the global economic crisis, spurred as one would expect by the Rands weakness. This of course is a positive for foreign investors.
For the smart investor a game farm is equally a profitable venture. Along with traditional tourism a game farm is great for game auctions, venison sale, and wilderness events. On the Garden route money can be made by catering to the B&B accommodation market as it is one of the most visited areas of the Western Cape.
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.
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Article Source :
http://www.articleseen.com/Article_Variety is the cornerstone of the Cape Town property market_41572.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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