Why the stable Cape Town property market is a magnet for investors
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Posted On :
Nov-09-2010
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Article Word Count :
513
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A stable Cape Town property market has drawn a host of international buyers who are flocking in the ten and thousands to have a piece of the pie. Second home purchaser, multi unit rental investors, retirees, those interested in buy to let, they are all here. One of the countries that are most interested is the UK. What draw them here is the English speaking, great climate, stunning views, affordable cost of living and quality shopping facilities, good roads, accessible international airports and
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A stable Cape Town property market has drawn a host of international buyers who are flocking in the ten and thousands to have a piece of the pie. Second home purchaser, multi unit rental investors, retirees, those interested in buy to let, they are all here. One of the countries that are most interested is the UK. What draw them here is the English speaking, great climate, stunning views, affordable cost of living and quality shopping facilities, good roads, accessible international airports and other infrastructures. The other advantage is that Cape Town is in the same time zone, which means that there is no jet lag when you take the overnight flight here.
Even though it is still cheaper than say buying in Southern Italy, property prices have soared since 1998 when Nelson Mandela opened it to foreign investors, which means that those who got in early have made a killing
Britons favor investing in the Cape Town property market because of the great wineries, versatile landscape and natural beauty, moderate climates, excellent leisure facilities and large ex-pat communities.
At the tip of the African continent is Cape Town a place that blends eastern sensibilities with western ethos into a city that is truly global in nature. Enjoy the solidness of pastoral Europe, the spiciness of the Middle East brought together by the amazing African milieu. The clincher is of course the price tag, which is the best of international living at down to earth South African costs. This is truly the reason why you should opt for Cape Town property when looking for a second or vacation home.
Golfer’s paradise with PGA golfing facilities that are still cost effective and are kept up immaculately. Cape Town has mountains to climb, beaches to laze on and some of the best surf in the world. With some of the best vineyards in the world and a great range of cuisine to supplement it is all set to supplant Tuscany or the South of France when it comes to second homes for people in the UK and Europe. The Cape has officially got the largest proliferation of certified wineries in the world and has just the ideal atmosphere to unwind with a good Cape Chardonnay in the most peaceful of settings
The Cape Town property market has a good mix of everything; there are luxury ocean front villas, apartments in the city centre that you can lockup and leave, as well as large traditional Dutch Farmsteads and houses with acreage.
One of the latest trends in the Cape Town property market are home on private developmental estates that cater to specialized needs. So if you are a golfing aficionado you buy an apartment or a house on a golfing estate. If horses are your fancy you buy on an equestrian estate, if you are a wine connoisseur there are wine estates. These estates other than there obvious focused facilities offer 24 –hour security. Estate properties in generally present a favorable return on investment and outstanding resale values.
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Article Source :
http://www.articleseen.com/Article_Why the stable Cape Town property market is a magnet for investors_40923.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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