A favourite retreat for visiting movie stars, a hotspot for holiday homes owned by the rich and famous, a much-loved summer destination for locals, and the winner of numerous travel awards (with award-winning beaches too).
Camps Bay is one of the most desirable suburbs in Cape Town and continues to attract buyers from across the globe.
Also read: Coastal property is still booming, according to estate agents
Recent sales figures show that there has been an increase in property purchases in this exclusive Atlantic Seaboard suburb that is undoubtedly holding its own as a luxury property investment destination.
This is according to Alexa Horne, managing director of Dogon Group Properties, who says that both local and foreign buyers are setting themselves up with Camps Bay addresses in anticipation of a rise in prices as the supply of homes for sale in the area dwindles.
‘Local buyers are largely from other provinces and part of the influx of semigrators moving to the Western Cape, whilst many foreign buyers are being drawn to Camps Bay for its prime location, luxury properties and value for money,’ explains Horne.
In January 2023, four foreigners purchased properties in Camps Bay, with the foreign investment totalling R54 900 000. In February, foreign investment in Camps Bay rose to R90 850 000 and in March, an additional R62 350 000 was invested in the area by a German and Dutch buyer.
Just over 40% of South Africa’s million-dollar homes are located in the ‘Prime 7’ suburbs of Cape Town, of which Camps Bay is one, alongside other Atlantic Seaboard suburbs such as Bantry Bay, Clifton and Llandudno.
Take a look:
Here’s a glimpse of some of the opulent homes currently for sale in Camps Bay, according to Dogon Group.
A spectacular five-bedroom home for R100 million:
Equipped with private decks and balconies, a jacuzzi, swimming pool, wine cellar and a gym with a sauna; this luxury architectural masterpiece has features and views to match its price tag and is set over two plots with a large landscaped garden flanked by a green belt.
A luxurious three-bedroom Bakoven apartment for just over R25 million:
Positioned with unending views over the ocean and mountain, this home has an expansive open-plan kitchen, living and dining room overlooking a rim-flow swimming pool, and comes with a number of perks including 24-hour security, elevator access, a separate media room and a gym.
A modern three-bedroom house for R16.5 million:
One of Dogon’s lowest-priced listings in Camps Bay, this modern family home set over three levels offers generous open-plan living areas, a designer kitchen, a sun-drenched deck with a raised pool that leads to a braai area, and quick access to the beach.
According to Horne, it’s also a good time to sell if you are thinking of doing so, as there are many buyers and not as much stock, so the likelihood of achieving a top price for your property is high.
Additionally, asking prices are rising and stock is declining, so if you’re thinking of buying, the sooner the better, as, in the long term, Camps Bay and the Atlantic Seaboard will always retain their popularity.
Cape {town} Etc discount: Expel the stress of property prices and repo rates with a rejuvenating 60-minute full body massage at Reflections Day Spa for R229 (valued at R650). Get it here.
Also read:
Cape Town has South Africa’s highest property price index – StatsSA
Picture: Dogon Group Properties / Supplied