South Africa's Current Property Hotspots
Category Advice
Property is considered one of the most promising investment opportunities to dive into. The all-in-all stability of property increasing in value makes it low risk, but rewarding.
With South Africa being one of the drivers behind Africa's economy, and home to some of the most beautiful landscapes in the world, it is highly attractive to opportunists. Location is key to making a good buy, so let's look at some of South Africa's property hotspots:
Camps Bay
One of the most luxurious beachside-living suburbs in South Africa, the property market in Cape Town's Camps Bay never seems to disappoint. With the beach right outside your doorstep and a promenade lined with first-class cafés to choose from, it's no wonder Camps Bay has the attention of buyers everywhere.
The suburb's property value has doubled in the last 5 -10 years and it isn't predicted to slow down any time soon.
Woodstock
With its Victorian styled architecture and trendy location, this charming Cape Town suburb has surpassed expectations when it comes to property value increase. Woodstock has become a popular residential area for young professionals, largely because of its locational convenience - being close to the city centre as well as public transport. This area is ideal for those who desire the convenience of staying in town without all the hustle and bustle.
Properties in Woodstock have a great flipping profit, and predicting that value will continue to increase, are promising investments.
Check out this contemporary 1 bedroom apartment we have available in the up and coming suburb of Woodstock Upper:
https://www.saproperty.com/results/residential/for-sale/cape-town/woodstock-upper/apartment/3195/
Sandton
The suburbs of Sandton remain some of the most sought after in Gauteng. Entry- and mid-level homes have the most demand in the area, coming in from around R1 million. You can expect to find plenty of secured developments in Sandton; homing sectional title units, full title cluster homes, and homes in guarded boomed areas. Sandton is also popular for its established schools, both private and government.
The property demand in Sandton is steadily increasing. As the buzzing area is growing in popularity, property is predicted to keep climbing in value.
Looking for luxury? This 4 bedroom house located in Sandown Santon has all the modern finishes you could ask for:
https://www.saproperty.com/results/residential/for-sale/sandton/sandown/house/3234/
Randburg
Johannesburg's Randburg is a suburb accommodating to buyers who are looking for luxury. The area is well known for its abundance of surrounding shopping centres, including Brightwater Commons, Cresta Centre, NorthGate, Sanlam Shopping Centre and more.The cafe` and boutique culture, as well as its well-known schools, make it a desirable spot for home investors.
Property predictions in Randburg differ according to location, but the general statistics show that its properties are most definitely lucrative investments.
Our top pick in the area is this gorgeous, newly developed 3 bedroom home in Ferndale Randburg. Have a look:
https://www.saproperty.com/results/residential/for-sale/randburg/ferndale/house/3167/
Investing in property is a real commitment, but if the opportunity is in front of you, the return could be highly rewarding. Browse our current properties available in these areas on our website.
Author: SApropety.com
