If the Atlantic Seaboard and the leafy Southern Suburbs doesn’t appeal to you as a potential buyer, then you’ll be happy to know that the Northern Suburbs and the Western Seaboard (Blouberg and Big Bay) have now become Cape Town’s most sought-after locations to call home.
According to Property24, potential buyers are eagerly scooping up homes in the suburbs of Plattekloof, Edgemead, Blouberg and Big Bay, with high demand fuelling a strong activity in the mid-price range in these areas.
Even more telling is the fact that the average asking price for these areas is around R1.795 million, with nearly 1 742 new properties currently listed in the Northern Suburbs alone.
According to Pam Golding Properties’ Pierre Nel, a “family-orientated lifestyle” is what makes the Northern Suburbs appealing, along with its “work from home” charm thanks to these tranquil areas.
“Those semigrating move to the Western Cape for its appealing lifestyle and our Northern Suburbs offer a family-oriented lifestyle with excellent amenities and are easily accessible to Cape Town central city. These areas are ideal for working remotely, with sunny, family homes affording peace and quiet.”
So, just which areas provide the most bang for your buck? Nel states that the areas of Edgemead, Bothasig, Welgelegen, Panorama and Plattekloof provide excellent value and potential for sound capital growth.
Those eager to pack their bags and enjoy spectacular views of Table Mountain along with the tranquil sounds of the ocean, will love the areas of Blouberg and Big Bay. Beachfront apartments in these areas are always in demand and are listed at an average of R1.9 million – a small price to pay for incredible views and a laid-back lifestyle.
“The laid-back lifestyle, scenic views, access to beaches and recreational locations, feeling of space, minimal traffic and good infrastructure, all make the Western Seaboard a very inviting permanent residential destination,” says Pam Golding Properties‘ Emarie Campbell.
However, thanks to the end of the first hard lockdown in June 2020, properties within these areas have been in high demand resulting in a “stock shortage.”
“The stock shortage experienced is a result of a diminished flow of homes coming onto the market, however, as the third wave of Covid-19 recedes and international travel resumes, we anticipate more inventory becoming available to purchase. From a supply and demand perspective, now is the time to put your home on the market as it’s currently a seller’s market. That said, buyers reject over-priced properties and snap up correctly-priced homes.”
With so many incredible locations, there’s no reason why you shouldn’t be heading to these areas.