The Tygerberg suburb is the new “it spot” for property home owners. A large number of homebuyers and tenants are buying houses in the area because of the high value of each home. In the past year, there’s been an increase of homebuyers in the area. The area boasts affordable homes, which is a homebuyers dream.

Suburbs like Kuils River and Sonstraal are famous for pulling in homebuyers looking for affordable houses. Most of these homes are just under R800 000 making them ideal for any first-time buyer. Some buyers are lucky enough in obtaining bonds which isn’t easy and banks are reluctant in issuing home loans due to the high number of South African’s in debt.

Homes, which are selling the most, are the ones priced between R800 000 and R1.6 million. Most buyers choose to go for an older family home because of the value the house has. There’s also been a large number of homebuyers who are purchasing houses priced between R1.6 million and R2.5 million. Houses that are higher than R2.5 million are also selling quite well, making Tygerberg property one of the sought after areas.

Some homebuyers are so eager to buy a home; they actually have a cash deposit ready and waiting. It’s quite unusual but the property market is selling like hot cakes, who wouldn’t want to be part of the action. Smaller houses and townhouses are attracting younger families who are looking for something small and affordable in the Durbanville area. Currently there’s a private school under construction, which is also set to attract families looking for a home.

Buying property is a dream, which unfortunately won’t come true for everyone. Hence renting is so popular because it gives one the chance to save until they can afford a home. A number of tenants are opting to renew their lease agreement whilst others extend it for longer periods. Interest in the property market started towards the end of last year and has continued to rise. Homebuyers are also reasonable when pricing their homes thus making it easy to acquire a home for first time buyers.

image courtesy of:  southafrica.to

For those of you looking to buy or rent out property in Camps Bay, you might have to take a number in the queue. Camps Bay is in high demand, which means whether you’re renting or buying, be prepared to pay. After all, it is Cape Town meaning it’s worth the price

According to the latest figures, 2011 was a good year in the property market with the increase in sale prices. Though some properties in the area are overpriced, this hasn’t deterred the market at all. In fact, property in demand is between R5.5 – R7.5 million. Prices start at 6 million and go up to R10 million. The minimum price is 4 million for previously renovated apartments and homes.

Most Camps Bay buyers are from overseas with some originating from Johannesburg. The property buyers have thorough knowledge of the market and therefore seldom settle for any price. Their knowledge of the market puts them at an advantage when negotiating prices. What makes Camps Bay so famous is the beautiful view of the ocean and spectacular views of the mountains. There’s also the boulevard lifestyle and stunning white beaches.

Another draw card is the architectural design of the homes. Some homes situated near the mountainsides are either double or triple storey. Some have amazing features such as entertainment patios with awesome views. A small number of the older homes have been renovated and thus present a more chic, modern look that show’s artistic creativity.

There’s also been an increase for holiday rentals closely situated near the Atlantic Seaboard and Camps Bay. These homes offer absolute luxury, something which is popular with the overseas buyers. Rentals go for R10 000 with the highest being R200 000 all of which depends on the amount of days rented.

Rental days range from three days to 4 months. These rentals homes are usually booked a year in advance, as visitors tend to come back twice. With Cape Town being the perfect backdrop, who wouldn’t want to rent out property in Camps Bay.

image courtesy of:  vacorps.com

A total of 3600 housing units will be built in addition; the heart of Belhar will consist of commercial/industrial and retail buildings. Belhar will then turn into a vibrant suburb with its own business, retail and residential areas. The suburb will attract individuals who are willing to take a chance on something new with their business and/or housing needs.

Students take preference with 1000 units solely catering to the student community from nearby institutions such as the Cape Peninsula University of Technology and the University of the Western Cape. Townhouses and flats will make up 900 of the units and the rest of the units will be houses.

Residing in Belhar is meant to be a bit easier on your people’s finances. Belhar looks like a fun place to reside in with all the new property developments, comes new career opportunities. The retail facilities will also be a major attraction.

For a fresh start in a newly developed area head to Cape Town’s Belhar suburbs and book yourself a residential unit now!

Image courtesy of : oldenplanners.co.za

Rondebosch Oaks

Cape Town suburbs have grown in popularity. More people are moving there for obvious reasons. Suburb living is dubbed the “in thing” especially an apartment in the suburb. There are some advantages to living in a suburb in the mother city one being the spectacular views, beach and convenience.

Investment potential: Suburbs in Rondebosch have grown to be one of the best investment areas in not only Cape Town, but also South Africa as a whole. If you are looking to buy and rent out property then you are in luck.  Another advantage is the new developments taking place around Rondebosch, such as the Rondebosch Oaks. This new apartment building will be situated in the heart of Rondebosch.

Position: The Rondebosch residential area has received a lot of attention over the years. It is near the University of Cape Town, Damelin College and Varsity College. These tertiary institutions equal potential tenants as they flood in year after year. Rondebosch is located not far from the Cricket grounds, Newlands Rugby, restaurants and plenty of shopping centres.

Modern living: Situated in the southern suburbs of Rondebosch are 166 apartments, which come complete with modern finishes. The balcony offers a breath-taking view of the mountains. There is also secure parking bay in all units, 24-hour security and fingerprint access into the building. Living in the southern suburbs offers serenity which equal relaxation. It is perfect because it is not far from the central place meaning getting around is not difficult. At the same time, it is one of the best investments due to the development growth-taking place in Rondebosch.

Image courtesy of http://www.rondeboschoaks.co.za

The Everite Factory hostels will get renovated thus creating new gap houses in the process. The government is currently trying to provide housing for millions of people and this initiative is helping government. Brackenfell and Kraaifonten will be going under construction.

This new development comes in at the perfect time where people are in need of houses. The process did take a couple of years. This venture went through a lot of discussion all of which has paid off. The venture also comes in at the perfect time to help alleviate Cape Town’s housing shortage.

Three types of houses need are going to be part of the process. Courtyard dwellings, semi-detached houses and double/triple story apartments. Public participation will take place after the announcement, as a public consultation process needs to take place. The City of Cape Town is playing its role in supporting government’s means at creating basic housing for all South Africans.