Aug
2018
The South African Atlantic seaboard has a longstanding reputation as being a prestigious property market. In recent years this status of prestige was revived and properties have become elite.
Due to the fact that there is still a large commercial hub in the Cape Town CBD convenience has added to the appeal of residing in these exclusive apartments. Very much in the same way Sandton residential properties were centred around the convenient access to the office and malls.
For the Foreshore in Cape Town this has an added appeal of the laid back lifestyle which is part of the Cape Town culture.
Demand for apartments in the Foreshore are considerably high and this has given rise to an increase in property values and coupled to that the security initiative that took place in the City Bowl has added to the appeal of the Foreshore as a residential address for executives.
Of course the number of highly rated hotels in the Foreshore is always an excellent tool for exposure to property in the suburb as score of national and international tourists and businessman reside in these hotels on a daily basis.
Apartments have to compete with the best in terms of amenities like in-house gyms, lap pools and similar amenities and for many of the apartment buildings this is the norm which also adds to the general market values of apartments. The other important factor is of course the high security these apartment buildings offer their residents, similar to that of lifestyle or golf estates.
The other end of this market is the second holiday home market and this is the ideal segment for the executive from elsewhere in the country to own a high degree of exclusivity with a high degree of growth.
Some of the larger apartments are ideal for established families seeking the comfort of a lock-up and go lifestyle with the status that comes with the lifestyle.
Take a tour of the properties in the Foreshore via the Myroof web-site.
