Property for Sale Cape Town
Picking prime property for sale in Cape Town
In the so-called old days, there were a few selections which popular culture almost compelled one to make. You were expected to be either a Cliff Richard or an Elvis Presley fan of the then relatively new pop music genre, rock and roll.
When it came to the most frequented holiday destinations, your choices were typically between Durban or Cape Town. At the time, Durbs was possibly more popular because of its relative proximity to upcountry areas, its beach resorts, and the variety of recreational opportunities offered by the warm Indian Ocean.
While the KwaZulu-Natal coastal city of Durban remains perennially popular as a holiday destination and one of South Africa’s iconic seaside cities, increasing numbers of its most sought-after, affluent properties are located somewhat further along the coast in a northerly direction. Notwithstanding this semi-migration northwards along the coast, there are still numerous sought-after suburbs with high-end, luxury properties to be found and offered for sale in Durban itself.
Generated by holidaymakers and tourism
Although the focus of this article is on Cape Town and its lively luxury property market, we mention Durban, which was once this country’s holiday destination of choice for many local tourists and tourists from abroad. Holiday destinations’ popularity often becomes a driving factor in generating, developing, and growing the property market in and around a city. When visitors enjoy their holidays in a particular location, their thoughts often turn to relocation and the on-going joys of living in such a wonderful place permanently, thus buying property for sale there.
Depending on which survey and information you buy into, Cape Town now takes a place at or near the top of the list of the most desirable places to find prime property for sale, especially luxury properties – the area of the property market in which Fine & Country South Africa specialises.
Prime properties in prime suburbs
Cape Town is repeatedly rated as the most beautiful city in the world. Consequently, this country’s oldest city is growing and developing at a rate of knots. New residential and commercial property investments abound and the best are constantly being added to the lists of prime properties for sale in and around the Mother City.
Some of the most affluent suburbs, offering some of South Africa’s most sought-after luxury properties for sale in 2017 include the following Cape Town suburbs:
- Camps Bay
- Bantry Bay
With the exception of the latter suburb, Bishopscourt, all the others noted here are located on the highly desirable Atlantic Seaboard. According to a 2018 wealth report’s contents, “luxury real estate in the Mother City grew 19,9% between 2016 and 2017, making it the second-best performer globally”. This is indeed a sterling testimonial about Cape Town’s recent performance that moreover shows every sign of continuing its stellar performance.
Purchasing property is a major decision with significant consequences; it’s an investment for the future, whether the property is intended for a permanent, primary residence, a holiday home, or for pure investment purposes as part of a diversified investment portfolio. The bigger your investment, the more valuable your property, and the more you stand to lose if things were to go wrong.
While there are no guarantees, the wise property purchaser in Cape Town’s luxury property sector should engage the services of a qualified, experienced professional estate agent who knows the areas in which they operate intimately, and who also understands the luxury property market and its potential pitfalls.
We suggest that you contact a Fine & Country South Africa estate agent who specialises in the sale of luxury Cape Town properties. Armed with comprehensive knowledge, actual experience of living in Cape Town, and everything else you need to know, but which others fail to tell you, you’re minimising your risks and making your transaction simple and smooth.