Cape Town properties for first time buyers

Cape Town properties for first time buyers

Bouncing back from the recession that have affected global markets significantly all over the world, Cape Town property for sale market is improving as more buyers are looking to purchase in the Cape, South Africa.

With 65% of the land being taken up by the mountains and natural reserves, available Cape Town property in the suburbs is slowly but surely drying up. The new affluent middle class is desperately looking for better places to bring up its children and to retire and finally to find itself better quality of life.

Suburbs in the Cape flats like Mitchells Plain, Grassy Park and Ottery are growing at a slower rate while places like Rondebosch East, Diep River, Lower Wynberg, Retreat Sea Point and Goodwood are set to take flight. Some of the best Cape Town property to be had in terms of lifestyle as well as investment is Simons Town.

Simons Town with its 53 minute train commute to the city centre, its charming Main Street, great restaurants and flourishing yacht club seems increasingly welcoming to those who are fed up with traffic on the highways. Near perfect Golf courses, vibrant cultural life, mountain trails and low crime rate Simon Town's popularity will only increase in the decade to come.

Buyers are willing to pay up to 4 million Rands for a regular 3 bedroom Home and 1 million Rand if they find a bachelor unit on the market. At the higher end of spectrum are exquisite homes going for between 10-20 million Rands.

Another Cape Town property market is in Central City where you can get an entry level apartment right at the centre of the business district for about 500,000 Rands. A cool bachelor pad is yours for between 1-2 million Rands. These are great for professional who work in the city and can be saved as future investment for their potential for rental income.

South peninsula is a very nice area with a significant cachet of affordable property below 3 million Rands. The most appealing thing about them is that if you look hard enough you will find some with views and beach access.

Buy a detached 3 bed home in Kommetjie for less than 2 million Rands or buy a delicious cottage in Scarborough for about 1.25 million Rands.

A great investment area is Fish Hoek, which has a range of choices addressing various price points. From single and double bed apartments in Fish Hoek centre at less than 600,000 Rands to detached properties in the valley that can go for as much as 1.4 million Rands.

If you want a mountainside home that has panoramic prospects it can get pricier at 2-3 million Rands. Popular with the retired crowd because of its level and accessible beaches it is in recent years also well liked by young families who want to settle some where quiet.

Another group who have been choosing then southern peninsula are young professionals seek homes at commutable distances and are find the area has ideal Cape Town properties for them to settle into.

Appealing to young families seeking a tranquil pastoral setting to bring up their children are towns like Noordhoek and Kommetjie, which has larger affordable family homes.

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