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What South Africa's Real Estate Boom Means To You
In the past ten years, the Western Cape of South Africa has seen a real estate boom that rivals that of any other nation. In fact, research results prove that South Africa real estate overall has shown an actual return of 15.1% in the year 2007. South Africa also outperformed sixteen other major countries to solidify its position as a world real estate leader. The Western Cape of South Africa is at the center of it all, and residential real estate here is more sought after than ever as many people relocate to Cape Town, the major business center of South Africa.
The Western Cape of South Africa has some incredible residential real estate in the neighborhoods of Cape Town. One of the most exclusive areas is Clifton, the place where people come to see and be seen. Exclusive homes, nestled on cliffs, have sweeping view of the Atlantic Ocean. The beaches are pure white granite sand, and protected from the high south-easterly wind.
Camps Bay is another upscale neighborhood on the Atlantic coast of Cape Town. Located at the base of the Twelve Apostles mountain range, its palm-lined beachfront hugs the coast of the Western Cape of South Africa, and has many trendy shops and eateries. Homes here are owned by the affluent, and in the winter months Camps Bay has a busy tourist season.
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.
A trendier part of Cape Town is the neighborhood of De Waterkant. This district is a wonderful maze of cobblestone streets and Cape Dutch style buildings that have been renovated by young professionals who work in the business district. There are high-end bistros and boutiques, and homes in this part of the Western Cape of South Africa are generally condos or townhouses.
There are also an incredible amount of rural areas in the Western Cape of South Africa with incredible residential real estate. The Garden Route and the Wine Country have newer homes, as well as historic estates and even vacant land for custom building. The scenery is beautiful and the lifestyle here is slower paced.
The Western Cape of South Africa has so many different kinds of homes available for prospective buyers. There are beach homes, luxury estates, single family homes, condominiums, town homes, and commercial properties as well. The landscape is so diverse in this area of the world, that you can also find almost any kinds of living arrangement to call home in the Western Cape of South Africa.
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