5 Reasons to Buy Property in Cape Town

Today’s post is in collaboration with Pam Golding Properties. 

It’s no secret that Cape Town is an incredibly beautiful and interesting tourist destination.

In fact Cape Town Tourism cites 5 312 993 airport arrivals for 2018, but did you know that the Mother City, as it’s affectionately known by South Africans, is also one of the most desirable places to live and invest in the world?

Breathtaking scenery that connects its cultural diversity

Just about every corner of Cape Town is like a postcard that has sprung to life. Having a mountain that makes the New Seven Wonders of Nature list, in the middle of the city, could have something to do with this.

It may be a global city boasting blue chip companies, an international airport and fibre connectivity, but Cape Town is also characterised by a collection of widely diverse villages that punctuate a breathtakingly scenic peninsula of mountainous coast, sea life and turquoise ocean.

From the glamourous beaches and café scenes of Camps Bay, to fishing and surfing villages like Kalk Bay and Kommetjie, it is the cultural diversity found in these varied suburbs that gives soul to the city.

A wine connoisseur’s haven

It didn’t take the region’s early French-Huguenot and Dutch settlers long to work out that they had reached a fertile, winemaker’s haven.

Not only has the Cape become one of the world’s most famous wine-producing destinations in the world, but many of its historic farms are in the city, or not far from it.

For a wine-lover, the Cape is an excellent choice to call home. If not, the magnificent surroundings and historic architecture of the farms make them a superb neighbour to visit.

The ultimate backdrop for sport and adventure

Cape Town’s spectacular scenery provides an obvious backdrop for any outdoor sporting and adventure enthusiast.

Mountain climbers, yachters and surfers are rarely disappointed, and as host to one of the world’s largest cycling races, The Cape Town Cycle Tour, the city has become a popular home for cyclists.

The country’s top-performing housing market

The entire Western Cape region, of which Cape Town is a part, is still the number one performing housing market in South Africa. This has a lot to do with the region’s unique mountainous and ocean geography which ensures that building and development are limited while demand remains high.

A cosmopolitan city of interesting locals

True Capetonians are a rare find in this remarkably cosmopolitan and culturally diverse, global city.

Locals range from the so-called ‘Swallows’ who chase the summer, to young international people seeking adventure and change.

Foreign retirees, looking for a lifestyle destination and seeking to capitalise on a pension in a favourable international currency, are also not uncommon to Cape Town estate agents.

Then there are investors on the hunt for property for sale, who simply desire to be part of a growing and vibrant property economy.   

Magnificent surroundings, good wine, cultural diversity and property investment opportunities aside, here are some facts about Cape Town worth noting.

Cape Town ranks 24th out of 31 leading business cities, and 6th overall out of the middle income countries.

PwC’s bi-annual Cities of Opportunity Analysis (2018)

South Africa was dubbed as the big emerging market story for 2018. Goldman Sachs (2018)
Cape Town was voted Best Global Destination, five years running. The Telegraph Travel Award
Cape Town was awarded Blue Flag status for 10 beaches and the V&A Waterfront marina. Cape Town Tourism
Cape Town’s Kalk Bay was voted as one of the world’s coolest neighbourhoods. Forbes Magazine

 

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