CAPE TOWN
City of Hope
December 26, 2022
By David Untiedt
“Visit Cape Town and history is never far from your grasp. It lingers in the air, a scent on the breezy, an explanation of circumstance that shaped the Rainbow People. Stroll around the old downtown and it’s impossible not to be affected by the trials and tribulations of the struggle. But, in many ways, it is the sense of triumph in the face of such adversity that makes the experience all the more poignant.”
Tahir Shah, Travels With Myself
The high value property market in Cape Town is thriving at the moment, with demand for luxury homes and second homes remaining strong. Many people are attracted to Cape Town’s natural beauty, Mediterranean climate, and cultural attractions, making it a popular destination for both local and international buyers.
One of the key drivers of the high value property market in Cape Town is the city’s growing reputation as a hub for technology and innovation. Many tech professionals and entrepreneurs are attracted to the city’s vibrant start-up scene, leading to an increase in demand for high-end homes and apartments.
The city’s thriving tourism industry is a huge factor in driving interest in the city and this is supported by very good credentials. Cape Town is home to a number of world-class hotels, restaurants, and attractions, making it a popular destination for both leisure and business travellers. This has led to an increase in demand for holiday homes and investment properties, as well as a surge in demand for luxury rentals.
Perfect Investment Opportunity
Another factor driving demand in the high value property market in Cape Town is the relatively low cost of living in the city. Compared to other major cities around the world, Cape Town is relatively affordable, with low crime rates and a high quality of life. This has made the city attractive to buyers, particularly those looking to relocate from more expensive cities.
Finally, the attractive natural setting of the region is also driving demand in the high value property market in Cape Town. The city is surrounded by stunning beaches, mountains, and forests, making it a popular destination for outdoor enthusiasts. This natural beauty has helped to make the city a desirable place to live, with many buyers looking to invest in properties with views of the ocean, mountains, or forests.
Wilbur Smith
A European Flavour
One of the most sought-after areas in the high value property market in Cape Town is the Atlantic Seaboard, which includes neighbourhoods such as Clifton, Camps Bay, and Bantry Bay. These areas offer stunning ocean views, high-end amenities, and easy access to the city’s best beaches and attractions.
Another popular area for high value property in Cape Town is the City Bowl, which includes neighbourhoods such as Gardens, Oranjezicht, and Tamboerskloof. These areas offer a mix of Victorian and Edwardian houses, as well as modern apartments and penthouses.
Overall, the high value property market in Cape Town is strong and vibrant, with demand for luxury homes and second homes or holiday homes remaining high. Whether you’re looking for a holiday home, an investment property, or a place to call home, Cape Town has something to offer for every taste and budget.
