Cape Town City Bowl at a glance
Cape Town has long been known as one of the African continent's most happening hotspots, brimming with culture and a flourishing cosmopolitan scene. The buzzing city bowl offers a world of promise for tourists and investors alike.
Cape Town City Bowl Remains A Great Real Estate Investment given its easy access to the beaches, into and out of work and close proximity to the many entries and cafes in the area.
For starters, the city has enjoyed an extended period of organic growth that appears to be going from strength to strength. Positive feedback from the city bowl's generally affluent property market is that Cape Town is an efficiently run city, set in a province that is thought to be secure in its future.
"Cape Town will always be an attractive destination, because it's so beautiful and has so much to offer,". Potential buyers are attracted to the wealth of opportunity to invest in the city bowl, with its proximity to Table Mountain and the Atlantic seaboard remaining a massive draw card. Most notably, investors are prepared to pay market related prices to secure their slice of the beautiful Cape, giving developers the confidence to pour their energy and resources into growing the city bowl. Property prices levelled off in 2017 and experienced a dip in 2018 and indeed in the first half of 2019. The decline in residential property prices means opportunity for would be Buyers who are able to source a home or investment property for up to 25% below the peak in 2016/7. There is now a window of opportunity to dip ones toe in the water and purchase a slice of the City Bowl. Sellers must be mindful of this shift in the property market which now is undoubtedly a buyers market.
The city is rapidly expanding from a central point, offering areas such as the Foreshore a thriving and thoroughly developed epicentre from which to grow. These trendy and upmarket sectional title apartments offer a secure and convenient environment in which to live, work and play from.
Lock-And-Go Living Still An Exciting Property Option for Cape Town Buyers
While this is generally the case in the South African property market, sectional title, or apartment and complex properties, will always appeal to people buying in Cape Town, as they don't stay in the city all year long. Buyers hold the security attached to complex or apartment living in high regard.
Freehold properties and homes in Oranjezicht and Vredehoek now offer a value proposition for Buyers looking for family homes that offer space and convenience. The current market has made it more affordable for would be Buyers looking for family home sin the City Bowl.
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