The Cape Town and Atlantic Seaboard licence covers an area both large, (around 200 sqm) and diverse – in terms of the physical landscape, demographic and property types. The city centre and Central Business District is a bustling economic and financial hub, with residents living typically in apartments designed with busy professionals in mind, often located near or even within commercial blocks. Making our way towards the mountain brings us to the City Bowl and its ‘hoods’, including Gardens, Oranjezicht, Higgovale, and Vredehoek, where lively cafes, restaurants and retail outlets rub shoulders with beautiful, regenerated properties. Here, beautifully restored original features enhance on-trend living spaces. Cottages in De Waterkant are perfectly positioned for the city and the ocean, and the iconic Waterfront presents opportunities for high end, secure investment. The seaboard itself is no less varied, winding as it does from Green Point through Three Anchor Bay and Mouille Point, to Sea Point with its blend of apartments and cottages, out through genteel Fresnaye, and on, via Bantry Bay and Clifton, to Camps Bay. The latter has a high proportion of second homes, a high value per square metre and properties which maximise their breathtaking location. Llandudno remains sought-after, the lack of street lights, shops or commercial activity more than compensated by the views and glorious beach. Conversely, Hout Bay is a busy community, comprising several neighbourhoods and a still active fishing port, with the cross section of properties one would expect to find there.
Cape Town is home to an eclectic mix of people from Capetonians born and bred, who have never left, some still living in the original family home; young returners who have ‘done’ Europe and now want to settle back in the Mother City to enjoy its bountiful nature and lifestyle, and who may rent whilst looking for the perfect family property to foreigners who come on holiday and never leave. Historically the city centre and city suburbs housed more locals and workers, whilst the seaboard had a higher proportion of second home owners, wanting their own bit of paradise yet not living there all year round. That paradigm is shifting, however, as investment and urban gentrification is creating an increasing number of value for money enclaves, (Woodstock and Zonnebloem being prime examples), and people are starting to think outside the box regarding their living requirements and expectations.
The diversity of inhabitants and properties is reflected in both sales and rental values. The current sales range stands at R1m to R100m, whilst rentals go from R8000 to R100,000 per calendar month.
Three Anchor Bay, Mouille Point, Green Point, Sea Point, Fresnaye, Bantry Bay, Clifton, Camps Bay, Bakoven, Llandudno, Hout Bay, City Centre/CBD, Gardens, Tamboersklook, Oranjezicht, Devil’s Peak, Vredehoek, Woodstock, Zonnebloem, Higgovale, De Waterkant, Bo Kaap, Waterfront
Article by Carrie Turner, HR & Relationship Manager at Engel & Völkers Sea Point