Your pick of professional property sales agents in Cape Town
Despite the tough economic conditions that prevailed in South Africa when worldwide recession threatened this country too, the property market in the South African Mother City, Cape Town, showed little, if any, negative effect or sign of slowing down. It continues to be extremely healthy today.
This begs the question – why is property that’s offered for sale in Cape Town seemingly almost immune from negative economic forces? One of the likely answers lies in the city’s and region’s popularity as a prime place to live, work and play.
According to various surveys, Durban, Cape Town and Johannesburg were rated as the best large South African cities in which to live and buy property. Most surveys appear to have taken the following living and lifestyle conditions into account when conducting popularity research:
- Housing – including rentals, maintenance services and peripherals, such as furniture and appliances.
- Infrastructure and services – public transport, supply of electricity and water, roads and traffic patterns.
- Health and medical considerations – accessibility of hospitals, clinics and supporting health services, waste removal, sewerage services, air pollution, overall health risks.
- Schooling – schools and other educational facilities, and their standards and reputations.
- Surroundings or natural environment – weather, climate and natural features.
- Shops and shopping – for daily necessities, fresh produce, vehicles and clothing (locally manufactured and international branded goods).
- Entertainment and recreation facilities – including movie theatres, restaurants, theatres, art galleries, sports and other leisure activities.
- Social and political factors – local government, stability, security, law enforcement and policies, crime statistics, and public perception of crime and its control measures.
- Socio-cultural factors.
- Economic conditions – banks and banking, and the exchange rates of relevant currencies.
Currencies and exchange rates
A weaker local currency, when compared to that of another country – the exchange rate between the two – always favours the latter, who is enabled to buy better or get “more for their buck”, because their spending power is enhanced by having the stronger currency to exchange for that which is local – ZAR in this instance.
Because Cape Town is right up there along with the world’s most beautiful cities, as well as being one of South Africa’s most desirable cities in which to live, buy and invest in property, you’ll do well to engage the services of a leading estate agency with thorough, meaningful local knowledge about living conditions in and around Cape Town – Fine & Country South Africa. Our professional, experienced agents also know and understand the various factors that influence supply, demand and prices of upper-end, luxurious properties for sale in the Western Cape.
Supply, demand and price
When demand is great and supply isn’t limitless, desirability and prices win the day. When both these factors continue to increase, a trend is set, one that seems likely to continue, although not always at the same pace.
According various recent surveys, Durban, Cape Town and Johannesburg are the best cities in which to live in South Africa. These are also the cities where many of the country’s most opulent and grand properties are to be found, and where the best prices are realised.
The supply or availability of luxury properties in Cape Town is finite. The demand is high and the sale prices often reach record highs, something which presents no problem for buyers that are favoured by currency exchange rates.
Despite this, the luxury property market also remains wide open and accessible to numerous South Africans, who also hold their place amongst Fine & Country South Africa’s satisfied clients. We specialise in this upmarket property sector.
Fine & Country South Africa
Our agents possess the specialised local property and lifestyle knowledge about the geographical areas in which they operate, thus providing buyers with relevant information that many other agencies fail to recognise as being important to buyers
We have a network that includes associates in more than 300 offices internationally, making us the best placed to provide our local and international clients with expert guidance and assistance throughout their purchase or sales process.