Although few and far between, cash flush property investors intent on capturing their own personal paradise are literally spoilt for choice. With the prime lending rate at an all time low, coupled with a distinctly deflationary property market, conditions couldnt be better for an extended buying spree.
International buyers who triggered an unsustainable property boom, particularly in the Western Cape, have disappeared altogether.
Unfavourable global economic conditions are forcing many buy-to-let property owners, together with an estimated 25 percent of home owners, out of the market for good.
Those forced to downscale as a matter of urgency are accepting ridiculously low prices, enabling astute investors to snap up highly desirable real estate at a fraction of the cost.
Amongst our pick of the best property deals in the Western Cape are luxury pads in the historic hub of Cape Town, sought after golf real estate along the Garden Route, beach bungalows in popular coastal holiday destinations and rural living in the silent heart of the Karoo.
Cape Town Central Apartments
The economic downturn, together with an oversupply of apartments within the vibrant city centre of the popular tourist destination – a hangover of the 2010 football World Cup – has resulted in a significant drop in property prices.
Potential buyers can now buy in the historic heart of Cape Town for well under the million mark. Luxury pads, selling in the region of R28 000 a square metre not so long ago, are now up for grabs for around half the price. Apart from close proximity to job opportunities and sweeping views of Table Mountain, Robben Island and the bay beyond; city dwellers are within walking distance of trendy Long Street night clubs, top notch restaurants and the V&A Waterfront.
Garden Route Golf Estates
The Garden Route is South Africas premier tourist route, beach holiday destination, mountain getaway and the location of some of the most challenging and scenically beautiful golf courses on the planet. Factor in secure, healthy, rural living and you have one of the most highly desired property investment opportunities in the land.
The popular Kingswood Golf Estate is one of the real estate hot spots of the picture perfect location. Winner of the 2010 African Residential Property Awards for the Best Golf Development in South Africa and the Best Golf Development in Africa, the Estate comprises the Sally Little signature golf course, a beautiful and diverse natural environment, sublime views of the Outeniqua Mountain range and an affordable assortment of property options tailored Cape vernacular homesteads, corporate lodges, freehold townhouses and plots of land.
Financial constraints are putting serious pressure on holiday home owners who are finding it more and more difficult to service and maintain dual properties. Up and down the length of the Cape coast are quaint seaside villages which offer a sedate, outdoor quality of life Rooi Els, Pringle Bay, Yzerfontein, Bettys Bay and beyond.
Gone are the days when any property within close proximity of the Capes famous beaches could easily fetch prices in the mid to high millions it is now possible to invest in seaside living for between R500 000 and R995 000!
The Karoo is legendary for its crisp, dry air, wide open spaces and total silence. An affordable trend is underway in this arid heartland – private freehold ownership of land and cottages located within privately owned game and nature reserves. With access to adventure activities & free roaming wildlife but with total privacy and exclusivity, one would think the attractive, rural lifestyle would come with a hefty price tag. You can now buy a hectare for R450 000, a river front plot for under R700 000 and a three-bedroom farm cottage for R1 490 000!
Explore your Property Options Online
For more information on classic Garden Route property deals, browse www.kingswood.co.za and marvel at the affordable real estate options up for grabs.