42 REASONS TO BUY PROPERTY IN CAPE TOWN, WESTERN CAPE, SOUTH AFRICA

GROWING ECONOMY

SA is one of the largest developing economies in Africa.

UNDER PRICED REAL ESTATE MARKET

Due to continuous years of lack of purchase power and political challenges, the price level for real estate in South Africa is still extremely attractive. Now that the economy is growing and inflation is low, the South African population is starting to buy property with bank financing just like the populations in all western countries, it is expected that property prices in South Africa will increase steadily for the foreseeable future.

GROWING MORTGAGE MARKET

More and more previously disadvantaged individuals now have steady incomes and qualify for housing loans, thereby increasing demand on formal housing.

LONG TERM FUTURE MARKET STABILITY AND EXISTING DEMAND

SA has many multi millionaires who are attracted to European styled coastal holiday homes far away from the country’s big cities. Along with future domestic economic growth and increasing spending power of the emerging middle class population, this trend is set to continue.

LOW BUILDING COST

Compared to most other destinations, building costs are relatively low.

FOREIGN INVESTMENT IS ENCOURAGED

There are no restrictions imposed by the government for foreigners buying property in South Africa. South Africa receives international investments with open arms, assuring respect to contracts and the rights of foreign investors. Property ownership is 100% freehold and secure.

LOWER INFLATION AND INTEREST RATES

The steady fiscal reforms and economic stability have pushed down the South African interest rates and inflation significantly. With inflation currently at approx. 9%, South Africa is becoming an investment magnet country and has received several investment upgrades from leading economical institutions.

BIG DOMESTIC TOURISM MARKET

When South Africans plan their holidays they don’t have to look any further than their own borders and they usually head to the coastline (because of the climate). Along with economic growth and spending powers of the population, this market will grow fast and will have a positive impact on coastal property prices.

ACTIVE TOURISM PROMOTION POLICY

Tourism promotion is a top priority of Government.

THE WESTERN CAPE | CAPE TOWN IS THE NR. 1 AREA IN RECEIVING INTERNATIONAL INVESTMENT IN PROPERTY

The Western Cape has and will continue to benefit from massive investments along the coastline. In the coming years, billions will be invested in hotels, resorts and golf courses.

THE WESTERN CAPE BENEFITS FROM ON OF THE BEST CLIMATES ON THE CONTINENT

Located 34 degrees  from the Equator, with a Mediterranean climate, the seasonal variations are minimal with an annual average temperature well into the 20’s and the weather is stable and sunny most of the year. As a result, this area has established itself as the leading beach tourism destination in South Africa and its coastline is famous for its stunning never ending beaches, lagoons and sand dunes.

PROXIMITY TO EUROPEAN AND MIDDLE EASTERN HUBS

Flight time to the region is only approx. 9-11 hours from most European and Middle Eastern cities. As a result, several operators have started direct flights and today tourists from Europe, Asia, Middle East and USA are all finding their way to this paradise.

SOUTH AFRICA IS A PEACEFUL COUNTRY

South Africa, though it is one of the Africa’s largest countries is rarely in the forefront of world politics, due to this it is not considered a target for terrorism. The nation has also enjoyed one and a half decades of democratic government and is considered a relatively peaceful country without extreme political tension. It serves as a perfct springboard for multi-nationals wanting to do business in sub-saharan Africa.

THE EXCHANGE RATE IS EXCEPTIONALLY FAVORABLE

At the moment the exchange rate is exceptional, making it cheap for foreigners to buy property and other goods and services.

EXTREMELY FRIENDLY PEOPLE

Most tourists who seek South Africa as their holiday destination do so first of all because of the natural beauty. But once they arrive here, they find such hospitality that they soon become enchanted with the mixture of colors, races and cultures of the people as well. In a recent survey, many tourists visiting South Africa definitely intend to come back again, the main reason being the South African people! That if anything, gives confidence in the growing tourism industry in this exciting country.

DIRECT FLIGHTS FROM THE USA

Americans have taken an interest in the area and there are direct flights to Johannesburg. The Western Cape now benefits from three major tourist markets: Europe, USA and the big and fast growing South African market.

COMPLETE LACK OF NATURAL DISASTERS

Compared to many warm destinations, South Africa benefits from a lack of natural phenomena such as hurricanes, tropical storms, flooding, tsunamis and earthquakes.

LOW COST OF LIVING

Compared to other more traditional destinations (Spain, France, Caribbean etc.), in South Africa you can afford a far more relaxed and luxurious lifestyle at a fraction of the price.

SOUTH AFRICA IS ONE OF THE MOST TOLERANT AND OPEN COUNTRIES TO CULTURAL DIFFERENCES IN THE WORLD

SOUTH AFRICA IS A TOP INTERNATIONAL HOLIDAY DESTINATION

The fact that holidaymakers put South Africa near the top of the list when it comes to prime holiday destinations means that the country is desirable. With so many visitors flocking to South African shores to take advantage of the excellent climate and endless natural beauty, who wouldn’t want to make this country their home?

PROPERTY INVESTMENT OFFERS RELATIVE STABILITY

Experts advise that you balance your investment portfolio by choosing a relatively stable option and in South Africa, the property market is just one of these options.

PROPERTY SHORTAGE IN SOUTH AFRICA

SA has a general housing shortage, the focus of government on housing will result in a long-term structural growth potential within the South African property market, with people migrating to better neighbourhoods and more expensive homes set to continue for a long time to come.

PROPERTY CYCLES IN SOUTH AFRICA

Many people dream of having their own property and the added sense of security and comfort of a continuously growing asset that goes with it.  When young people leave school and first enter the working world, they enter the property cycle through renting a flat then buying one, selling it off and then buying a small house or townhouse.  Over the years, they will become more financially secure and then will be able to invest in their dream property, which they are likely to sell once they reach retirement in order to move back into a smaller house or townhouse.  The high demand for property in South Africa means that an astute investor benefits throughout the property cycle, as any investment is bound to provide high returns. 

HIGH RENTALS RATE

The buy-to-let market is becoming an increasingly popular property investment option around the country as interest rates are volatile and inflation fairly high, with banks reluctant to lend rental yields are improving.

PASSIVE IS GOOD

Unlike other asset classes, such as shares, when you purchase an investment property, you may receive income straight away on a professionally managed “buy to let” or second property. As an asset class it is one of the best you can own and will literally earn you money while you sleep. It is a passive income, which allows you to have money coming in whether you work or not

HIGH GROWTH POTENTIAL

The growth is also due to the development of a strong middle class, which is providing an increase in the demand for homes.  In terms of facts and figures, the housing market in the Western Cape is showing a steady growth of 13.9%, while other metropolitan areas are growing at an annual rate of 15.6%.  As we all know, a steadily increasing demand translates into high returns on a long term investment basis.

BEST PLACE FOR FAMILIES

One of the biggest attractions to the area is the positive environment in which to bring up children.

WELL REGULATED AND PROFESSIONAL PROPERTY AGENT NETWORK

LEGISLATION THAT PROTECTS THE INTERESTS OF PROPERTY OWNERS AND LAND/ PROPERTY OWNERSHIP RIGHTS.

STABLE IN COMPARISON TO AN UNSTABLE WORLD

Terrorism is a decidedly global problem, but when it comes to South Africa, experts are of the opinion that the country remains one of the least affected by extremist activities.  This balanced position is proving the catalyst for property investment interest from abroad. 

BEAUTIFULL PRODUCT OFFERING

Magnificent sea views and beachfront properties.

LONG TERM POTENTIAL FOR PROFIT

SERVICES

Mature international market with related property services to assist in purchase and management of a range of residential and commercial investment and leisure opportunities.

HIGH VOLUME OF TRADABLE PROPERTIES

GREAT WINE

South Africa and particularly the Western Cape boast some of the best wine producing regions in the World.  Unique and highly desirable Wine Farm Property can be found.

PROXIMITY TO CITY

The Western Cape offers sanctuaries that are still within easy reach of the City.

VAST OPEN SPACES

You can escape the frenzied City life by living in the Western Cape.

INFRASTRUCTURE

The Western Cape offers good road infrastructure.

LIFESTYLE

PRIDE OF OWNERSHIP

Owning a part of the beautiful South Africa is truly something to be proud of.

SOUTH AFRICA IS A BEAUTIFUL COUNTRY

Last but not least, South Africa is a very beautiful country and for many that is a major reason to buy a property in South Africa. It is often said that one picture says more than one thousand words...why don't you take a look at our Properties for Sale and come and visit to check out the stunning scenery in South Africa - yet another good reason for buying real estate in South Africa.

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THE CAPE TOWN PROPERTY MARKET IS TRULY ALIVE