Investment Property Cape Town
From no ownership to prestigious property investments
Overall, it requires a certain amount of knowledge, acumen, and skill, plus up-to-date and historical information on property market trends and performance in a general area like the Western Cape, and specific city, such as Cape Town, to invest successfully in property there.
In modern South Africa, Cape Town is one of the most beautiful and sought-after cities and areas in which to reside and live. As such, property investment in Cape Town continues to thrive unabated, giving the impression that it’s almost impossible to make a poor investment in this sector. One cannot imagine that there was a time when no one owned any land whatsoever in the picturesque Cape.
First Cape Town inhabitants
It appears that the San peoples’ forefathers were the first known inhabitants of the Cape, based on rock paintings found across the area in places that presented rock overhangs, caves, and surfaces that were sufficiently smooth to encourage painting. The San had no concept of ownership. They were hunter-gatherers, who moved about in sync with the seasons and the availability of water, prey, and edible plants.
No concept of ownership
The fact that the San did not recognise property rights and ownership would eventually lead to the depletion of their numbers through being hunted, killed, or enslaved by the pastoral Khoikhoi and later, by migrating indigenous tribes, and later still, Europeans. To avoid total annihilation, the San moved away to deserted, desert areas. They were, in essence, nomadic hunter-gatherers, who moved in sync with the seasons.
Khoikhoi, San, and Khoisan
Khoikhoi were also encountered by the early Dutch and European settlers, who traded with these herders for cattle and fresh meat with which to feed the settlers and supply passing Dutch ships with fresh protein.
Settlers weren’t able to distinguish between the San and Khoikhoi, which they regarded as one people. This lack of knowledge resulted in the later term which described the indigenous, original Cape inhabitants as a combined, amalgamated San and Khoikhoi group – the Khoisan of the Cape, who had no claim to ownership and could never have dreamed that owning land and permanent dwellings in Cape Town would become par for the course and profitable.
The success of a property investment’s growth is usually not determined in the short term, although one might occasionally strike it lucky, delivering a substantial profit almost immediately. Nonetheless, large sums of money are typically involved and change hands in property transactions and investments, so one would be wise to avoid relying on Lady Luck for success in this challenging market field.
There are never any guarantees when one adds a property investment to one’s financial portfolio. Nonetheless, when armed with all the necessary information about current transaction trends, future potential, and past investment performance, one’s risk factor is significantly minimised.
Many property investors’ homes which they occupy are their primary residences or sole real estate investments, which is why eliminating or removing as many risk factors as possible is doubly important.
Managing risk factors
Investors require information and assistance from a reliable expert and property partner in minimising and managing investment risks – a partner such as Fine & Country South Africa, the South African arm of a large international group of high-end real estate specialists with an active, successful presence in more than 300 offices worldwide, including the fairest Cape in the World, Cape Town.
Whether you seek or wish to sell luxurious investment property in Cape Town, our local specialists are on hand to assist you in virtually every aspect of relevant prestigious transactions.