The Top 2 Reasons to Invest in Waterside Houses in the Western Cape
Dreaming of a luxury home on the waterside? Just imagine waking up each morning to the smell of the ocean complemented by the sight of yachts sailing by. Or imagine waking up to the precious gift of dolphins swimming past your window each day. A lifestyle most can only dream about, the Western Cape has witnessed an enormous wave of interest in waterside properties over the past few years.
A desirable property genre choice for many affluent South Africans and international buyers – waterside living has proven to be a remarkable choice for those who wish for both, easy access to the city and the beach lifestyle. If you’re on the fence about whether you should add a waterside house to your investment portfolio – here are two persuasive reasons:
Reason 1: Waterside Properties Offer a Better Quality of Life
Topping the list as the most sought-after property genre of choice for many well-heeled local and international buyers, waterside real estate is an attractive place in which to holiday, live, play and invest. Largely immune to the weakening economy, waterside houses in the Western Cape have been branded as a “buyer’s paradise”. Life is for living and those who choose to invest in waterside houses appreciate that there's more joy and serenity to be experienced at the shore rather than downtown or in the suburbs. Most will agree that there is nothing that quite compares to the feeling of stepping out your front door to be only a few meters or even a few hundred meters from the waves. In a country where many feel the need to be closer to the city, enjoy the perks of safety, security, as well as the ocean lifestyle – waterside real estate simply offers residents a better quality of life, unlike any other.
Reason 2: A Lucrative Resale Prime Location Complemented by a High Rental Income
Whether you're looking for a residential home or a holiday home, luxury waterside property is varied to accommodate any discerning taste. Home to some of the most expensive real estate in South Africa, you will find everything from grand mansions, villas, modern apartments and beach bungalows to some of the top luxury golf estates in the Southern Hemisphere. A thriving property market with a rich heritage – waterside property is increasingly relied upon for been a good, solid property investment. Not only does this coastline offer a much more superior quality of life, but it’s also a real estate hot spot.
Owing to an enormous interest from wealthy executives, families, retirees, and seasonal visitors – waterside properties flaunt extremely buoyant rental opportunities that guarantee a solid income stream. In fact, it’s not hard to rent a waterside property out to tourists and locals during the holiday season from as much as R3000 to as high as R20 000 a day. While rentals are extremely sought after, these property investments also yield tremendous resale opportunities with high medium term ROIs. Unlike a financial investment that will park for years, when investing in waterside properties, you have a valuable, tangible asset/investment that just keeps on growing. When you invest in waterside property, you’re either creating wealth or you’re creating a passive income.
Whether you’re looking for an investment property, a second home for family holidays, or a safe and better quality of life for your family – if you’re ready to fall in love with the waterside house of your dreams and are looking to partner with a renowned property agent in the Western Cape that can offer you an exceptional level of service and expertise, then contact us at Fine & Country SA.