The Western Cape Of South Africa Is Experiencing A Real Estate Boom

Posted by Glenda Capman

October 6, 2008

by Glenda Capman

Over the past decade, the Western Cape of South Africa has experienced significant real estate growth that registers on a global scale. The overall returns from investment in South African real estate show a 15.1% return in the year 2007. This is higher than sixteen other major countries and has established South Africa as a solid force in the international real estate market. As the most developed part of South Africa, the Western Cape of South Africa is in the middle of most of the success.

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.

Clifton is only one of many desirable places to live on the Atlantic coast. There is also Camps Bay, another upscale neighborhood of Cape Town. With Palm-lined beaches and and exclusive shops and cafes, Clifton is also a popular destination for tourists during the winter months; when they flock to the Western Cape of South Africa.

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.

Downtown Cape Town itself is a whole other world of neighborhoods and residential real estate. Here you will find the Newlands, an upscale suburb for families at the base of Table Mountain. The Newlands is best known in the Western Cape of South Africa for its rugby, because the Newlands stadium is located here. However, home owners love it for the steady rain fall which produces lush landscaping, and the gorgeous homes whose properties back right into Table Mountain.

Perhaps the trendiest neighborhood in Cape Town is De Waterkant. Right near the famous Victor and Albert Waterfront, De Waterkant is made up of the cobble stone streets and the Cape Dutch style buildings that the Western Cape of South Africa is famous for. This is the area closest to the business district of Cape Town, so many young professional live here.

Further inland, there are many properties available in the Wine region and the Garden Route of the Western Cape of South Africa. Here, home buyers can choose from historic Cape Dutch homes or more modern properties in this picturesque and beautiful valley close to Cape Town.

The Western Cape of South Africa has an immense variety of real estate to choose from for anyone who wants to live here. There are also many commercial properties and vacant land for those who want to have a custom-built home. The scenery is also so diverse on the Western Cape of South Africa that anyone interested in a home will be able to find the right location for the home of their dreams.

About the Author:

Your next visit to the Western Cape will be the best ever with one of our select Cape Town accommodation.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.