In South Africa’s vigorous property market, the Western Cape and Cape Town specifically stand tall as pillars of stability and expansion.Cape Town has seen a growth rate of 3.8% in recent months.The trend of semigration, wherein South Africans relocate between provinces, is largely responsible for this development.
The adventurous lifestyle, well-managed infrastructure and heaps of attractions lure South Africans to the Cape. Cape Town is also a productive playground for foreign investors and international globetrotters, which further drives a movement towards globalisation., the market in the Mother City sees activity which ranges in price. This is an indicator of wide-spread confidence in the city’s real estate.For example, in Cape Town, $1 million buys a residential property of around 200 square metres, whereas buyers would receive significantly less than that in cities like New York or London.
This, as well as the natural beauty effortlessly on display in the Cape, makes it an attractive destination for property investment by both local and international investors.