Real Estate Is Hotter Than Ever In The Western Cape Of South Africa
Over the past decade, the Western Cape of South Africa has experienced significant real estate growth that registers on a global scale. The overall returns from investment in South African real estate show a 15.1% return in the year 2007. This is higher than sixteen other major countries and has established South Africa as a solid force in the international real estate market. As the most developed part of South Africa, the Western Cape of South Africa is in the middle of most of the success.
This is partially due to the neighborhoods of the Cape Town area, where residential real estate on the Western Cape of South Africa is particularly sought after. There are neighborhoods like Clifton, which is the center of local society and a highly sought after place in which to live. The high-end homes of Clifton are popular for their ocean views and proximity to the pure granite sand beaches of the Atlantic.
Clifton is only one of many desirable places to live on the Atlantic coast. There is also Camps Bay, another upscale neighborhood of Cape Town. With Palm-lined beaches and and exclusive shops and cafes, Clifton is also a popular destination for tourists during the winter months; when they flock to the Western Cape of South Africa.
Another Atlantic Seaboard neighborhood of interest if you are planning on living in Cape Town is the beach town of Llandudno. The truly wealthy live here, and like the fact that that it is secluded, has its own beach, and does not allow stores or restaurants in the area. The semi-private beach here is one of the nicest for sunbathing on the Western Cape of South Africa.
Of course, there is the residential real estate in Cape Town itself, which is a world away from the Atlantic Seaboard. The Newlands, a district famous for its rugby stadium, is a perfect place for families to purchase a home. Situated at the base of Table Mountain near the city bowl, this area of the Western Cape of South Africa receives more rain fall per year than any other and has been nicknamed the ‘green’ district.
Young professional singles prefer to live in De Waterkant, the trendiest neighborhood in the business district of Cape Town. Here, home buyers will find condos and townhomes, as well as the most upscale boutiques and restaurants in the entire Western Cape of South Africa. This is also an area of cobblestone streets and Cape Dutch style buildings.
To get entirely away from city life, many home buyers have found peace in the wine country or the Garden route of the Western Cape of South Africa. Properties here include newer homes, historic estates, and vacant land for building. The scenery is pastoral and the pace is slower here in the valley.
The Western Cape of South Africa has an immense variety of real estate to choose from for anyone who wants to live here. There are also many commercial properties and vacant land for those who want to have a custom-built home. The scenery is also so diverse on the Western Cape of South Africa that anyone interested in a home will be able to find the right location for the home of their dreams.