Residential Investment Property

Choosing a property in Cape Town

The Cape Town property market offers an excellent investment for landowners seeking to expand their horizons in the beautiful Cape region of South Africa. Famous the world over for its beautiful beaches, Cape Town also boasts the renowned landmark of Table Mountain, as well as world-class shopping centres, the stunning Cape Winelands and many other attractions. Investing in property in this region has never been better timed, with the 2010 FIFA World Cup approaching and a host of benefits for Cape Town residents to enjoy.

Cape Town property areas range from the furthest corner of the peninsula, right across to the Winelands regions of Stellenbosch, Paarl, Franschhoek, Durbanville or Robertson, with stunning residential areas to be found in the southern and northern suburbs as well as the vibrant City Bowl or the trendy Atlantic Seaboard which includes prestigious areas such as Camps Bay, Bakoven, Green Point and Hout Bay. Each area offers its own unique and distinctive charms, with a startling range of scenic wonders and landscapes to be found across the Cape. Those favouring ocean views are spoiled for choice, with the Atlantic and Indian Oceans offering wildly different but equally spectacular conditions. Homeowners who prefer the beauty of lush forests and vegetation have just as many options, with the shady recesses of forests to be found in suburbs such as Newlands, Constantia and Hout Bay. The every-changing vibrancy of the City Bowl is ideal for those who enjoy the hustle and bustle of the city, with a number of beautiful Cape Town properties to be found including Oranjezicht, Tamboerskloof and Gardens ? known for their charming Victorian houses and mountain views, yet mere minutes away from city attractions such as Long Street, the Iziko Museum and Gallery and Table Mountain.

In terms of value and prices, houses in the Cape Town area are valued according to their area, as well as the size of the actual house or apartment, features the property may have, whether the property has been remodelled or restored, erf size of the overall property and other factors that determine how much a property is worth. Areas such as the Atlantic Seaboard, in particular the Camps Bay, Bakoven, Llandudno, Clifton and Bantry Bay areas, have a much higher market value as these areas are highly popular South African property areas. Constantia, Newlands, Bishops Court and Claremont, located in the southern suburbs also have a high market value, and in addition to being a very prestigious area with large properties, these regions are also close to a number of schools ? making it very popular for families with children. The City Bowl, Cape Quarter, Bo Kaap and the Waterfront are also some of the more expensive areas to buy property in, with a number of exclusive suburbs highly sought after due to their central location.

As an investment, Cape Town offers one of the best locations in the world for potential buyers. Voted the Best World City in the 2008 Telegraph Travel Awards, Cape Town is a firm favourite with tourists and locals alike, with thousands of visitors returning year after year to this beautiful city, to enjoy excellent weather, splendid scenery and a diverse, welcoming culture that makes Cape Town one of the most popular destinations to own property in ? whether you own a holiday house or a permanent residence. Cape Town has also remained largely unaffected by economic turmoil, with a stable and growing property market plus a favourable exchange rate all making property in Cape Town both a sound and rewarding investment.