Agents re­veal West­ern Cape’s ‘hottest’ ar­eas

Weekend Argus (Saturday Edition) - - PROPERTY -

GEF­FEN: Fam­i­lies with chil­dren tend to favour the south­ern sub­urbs, which are home to sev­eral of the city’s best schools. Sub­urbs near the CBD, which re­duce com­muter time for peo­ple who work in town, are highly prized, and the At­lantic se­aboard with its ro­bust mar­ket.

Gre­eff: The big pic­ture shows the strong­est per­for­mance has been in and near the Cape Penin­sula, in sub­re­gions clos­est to the moun­tain­ous ar­eas. The five-year cu­mu­la­tive house price growth rate by sub-re­gion, from 2012 to 2017, re­veals that the At­lantic Se­aboard leads, with es­ti­mated cu­mu­la­tive price growth of 141.2%, fol­lowed by the City Bowl (106.7%), City near east­ern sub­urbs ( 95.7%), south­ern sub­urbs ( 80.5%) and south­ern penin­sula (77.2%).

Pam Golding Prop­er­ties: Hot in­vest­ment ar­eas in the West­ern Cape are prac­ti­cally ev­ery­where. The prov­ince has sea­side and moun­tain­side prop­er­ties, pop­u­lar hol­i­day spots, wine farms, small guest house prop­er­ties and sec­tional ti­tle apart­ments that of­fer in­vest­ment op­por­tu­ni­ties. Hot in­vest­ment ar­eas are also coastal towns from the West Coast through to the Gar­den Route, as well as in Wineland ar­eas such as Stel­len­bosch, Som­er­set West and Paarl.

Re/Max: There is a lot of ex­pan­sion and de­vel­op­ment in Som­er­set West, so there is a lot of stock. Buy­ers are ea­ger to pur­chase homes as close to the Cape Town CBD as pos­si­ble. How­ever, the south­ern sub­urbs are very ex­pen­sive. Som­er­set West of­fers them an al­ter­na­tive. Lake­side of­fers good value, and while prices in the City Bowl are high, they are bound to con­tinue on an up­ward tra­jec­tory.

Se­eff: Cape Town’s cen­tral and north­ern sub­urbs of­fer some of the best value. In an area like Pinelands, prices for sec­tional ti­tles in­creased by 22% in the first quar­ter of this year and re­main a rel­a­tively safe haven for in­vestors seek­ing cap­i­tal growth and rental in­come.

Cen­tury City is an in­vestor’s par­adise due to the short­age of land that can be de­vel­oped and the high de­mand for ac­com­mo­da­tion here. (See next page)

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