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What the real estate agents are not telling you about the Cape Town property market
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Posted On :
Nov-10-2010
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Article Word Count :
513
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The biggest dilemma you face in Cape Town is which beach to drop in for the day. Which powder white sand beach to sunbathe on? Which hidden cove to go have a picnic by? Or which kelp forest to admire? Deciding where you will eat can also be complicated as you are spoilt for choice with countless restaurants serving a variety of cuisine from African to Oriental.
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The biggest dilemma you face in Cape Town is which beach to drop in for the day. Which powder white sand beach to sunbathe on? Which hidden cove to go have a picnic by? Or which kelp forest to admire? Deciding where you will eat can also be complicated as you are spoilt for choice with countless restaurants serving a variety of cuisine from African to Oriental.
Held in thrall by the property boom for the last five years Cape Town property market is fully resurgent. The best example of this is the Atlantic suburbs that starts from Green Point and goes on till Camp’s Bay. With innumerable locations that are perfect for your dream home, its just one great piece of Cape Town property after another. If you haven’t had the satisfaction of actually visiting the Cape, it is really time for you to come see for yourself.
Cape Town comes with a mild Mediterranean climate all year to live in and gives you the option of waking up every day to a sunrise that is right of an impressionist canvas. This is one of the biggest reasons why your Cape Town property is in one of those lucky places like Tuscany where everybody in the world wants to have a home.
Four years ago the average cost of a house in the Cape Town property market was 970,000 Rand. Popular place to buy were the uber-rich Atlantic Coast suburbs of Camps Bay and Clifton, which were the destination of choice for most foreigners seeking a second investment home.
Since then buyers have expanded there field and the whole Cape Town property market has taken on a life of its own. A four bedroom home in Blouberg sells for 4,500,000 Rands these days. Blouberg is placed diagonally form Table Bay in the Northern Atlantic Seaboard. It has picture postcard views of the Table Mountain that can be enjoyed while sipping wine on the balcony.
South Peninsula and its lovely townships can offer a number of extremely viable Cape Town property options for the buyers with a budget under 3 million Rands. These economical gems can if you are lucky come with a view and if you keep looking have beach front access
A detached home with 3 bedrooms can be yours in Kommetjie under 2million Rands, a quaint cottage for 1.25 million Rands in Scarborough. There are also other such reasonably priced deals available in Fish Hoek where one can obtain 1 or 2 bed apartments for as little as 500-600,000 Rands. Detached homes in Fish Hoek go as little as 850,000 Rands to 1.4 million.
Mountainside Cape Town properties with panoramic views can be more pricy; however they are still within reach at 1.8 – 3 million Rands. The town of Fish Hoek has forever been a long time favorite with retirees because of its lovely level and accessible beachfront; it is now also home to lots of young families and professionals who prefer to commute to town.
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Article Source :
http://www.articleseen.com/Article_What the real estate agents are not telling you about the Cape Town property market_41012.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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