The City Bowl and Atlantic Seaboard areas in Cape Town currently offer some of the best investment prospects in years for both South African and foreign property buyers, say new franchisees Ryda Kloppers and her husband, Jakes du Plessis.
During Q3 2023, the Western Cape’s sales totals trumped that of Gauteng’s sales totals, despite it being a smaller region. Semigration combined with a recovering tourism sector along the Atlantic Seaboard has seen demand drive rentals up by 20% – 35% and more.
The recent interest rate hikes and rising inflation in South Africa may have deterred some would-be homebuyers, but the luxury property market remains surprisingly resilient despite the economic pressure.
The entry level price in Camps Bay currently stands at around R8.5m, some R2m up year-on-year from last year’s R6.5m. The entry level price in
A prime piece of land in Bantry Bay is set to become Cape Town’s single biggest Atlantic Seaboard residential development. In 2001, the area was
The adage “location, location, location” could have been written for Camps Bay. As an investment, according to agents in the area, you can’t go wrong.