The Spotlight is on properties in Sandton CBD
Are you considering snapping up a brilliant piece of prime property in Johannesburg that can offer you both a safe investment and an exclusive cosmopolitan lifestyle? Over the past decade, the South African real estate market has seen many luxury properties across many cities flaunted, but none are as financially rewarding as Sandton CBD properties. Yes, right now the spotlight is on Sandton CBD property, and for very good reasons.
Sandton has become South Africa’s hottest, trendiest and richest suburb
Against the backdrop of a muted economy, political uncertainty, rising interest rates and a dismal performance for the rand, there is light at the end of the tunnel for the Sandton CBD property market. The richest square mile in all of Africa – situated within the metro of Johannesburg – Sandton has fast earned a reputation as the trendiest and most expensive suburb of Johannesburg.
A centre of wealth and power, old and new, with more money per city block than in any other African city – Sandton is not only home to some of the country's largest blue-chip companies, but Sandton is also a magnet for those seeking to be in the middle of it all. It has become the home to an ever-increasing number of affluent local and international buyers.
While Sandton may be the heart of big business in South Africa, its cosmopolitan lifestyle is just as appealing. A beautiful suburb in which to live, work, play and invest, Sandton has proven to be ideal for those who desire the fast, high-flying lifestyle, as well as the safe, gated lifestyle. Not just the trendiest and safest neighbourhood in Johannesburg, Sandton also offers the highest level of luxury and convenience.
In close proximity to world-class restaurants, upmarket drinks venues, a Gautrain station, hospitals, some of the best private schools in the country, Sandton City high-end shopping mall, entertainment and five-star hotels, it is also home to the JSE, three of the five big banks and head offices for the likes of Sasol, Discovery, Webber Wentzel and Alexander Forbes.
Urbanisation has intensified
Yes, Sandton CBD property is in hot demand right now. In fact, so much so that there are more buyers lining up than there are sellers. Owing to the rapid growth of Johannesburg’s population and a shortage of housing in Sandton CBD, together with transport costs and traffic congestion on the increase – real estate prices in Sandton CBD are estimated to increase again by the end of this year, which is excellent news for sellers
Urbanisation has intensified and not only has this led to an enormous increase in the demand for exclusive luxury apartments and luxury estate living, but this has also created exciting opportunities for modern architects and developers. Its distinct contrast from its neighbouring suburbs makes this prime hot spot extremely popular among those preferring to live closer to the hub, especially young first-time homebuyers, retirees, university students, busy executives, and families with young children.
Sandton is recognised as one of SA’s best investment opportunities
As Sandton continues to develop at a rapid pace, this hot, trendy and rich suburb has fast earned the reputation as one of South Africa's greatest development success stories that everyone wants a piece of. An asset/investment that every property investor wants to add to their property portfolio – Sandton flaunts exclusive residential estates, affluent cluster developments, and modern red-carpet apartment complexes with magnificent penthouses that offer every type of luxury there is to be desired. The bottom line is that when you invest in Sandton CBD property, you’re either creating wealth or you’re creating a passive income.
If you’re interested in snapping up a prime piece of property in Sandton CBD, then turn to the luxury property specialists at Fine & Country South Africa. Striving to ensure that both our sellers and buyers are always 100% satisfied with their investments, we deliver the best results and returns possible.