3 Reasons why Sandton property sales are hitting record highs
Looking for a lifestyle only a few in the world can afford to have? Although the South African real estate market has expereinecd slow growth since the 2008 market crash, Sandton property sales have been hitting record highs over the past few years. Arguably one of the most exclusive business and residential addresses on the entire African continent, attracting both new and old money, Sandton has become the home to an ever-increasing number of affluent local and international buyers, and here’s why.
#1 Sandton is SA’s Hottest Millionaire Playgrounds
As the richest square mile in all of Africa, Sandton is one of Africa’s hottest millionaire playgrounds. An affluent suburb situated within the metro of Johannesburg, Gauteng, South Africa, 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 a magnet for those seeking innovation and vivacity, and has become the home to an ever-increasing number of affluent local and international buyers looking to be right in the middle of it all.
#2 A safe and secure quality of life
While Sandton has experienced an enormous surge in property sales over the past decade, one of the greatest riches of investing in Sandton property is the safety, security, convenience, sense of community and superior quality of life it offers. With crime being a major influencer on where people decide to live or not, South Africans want to feel safe and secure in their own homes, which is exactly why Sandton property sales is hitting record highs. While crime is on the rise in most parts of Gauteng, Sandton is not having any of it. Yes, security is far from an afterthought in this top-notch neighbourhood. Offering unparalleled 24-hour manned security with CCTV, video monitoring and access control – this is one neighbourhood where children can skateboard and ride their bicycles and where residents can sleep peacefully at night.
#3 It’s a smart investment with lucrative short or long term returns
While investing in the stock market can often bring huge returns, it can also be a gamble, and with today’s financial experts advising investors to rather invest their money in property, Sandton property has become a real estate investment ‘hotspot’.
Owing to the enormous increase of executive couples, families and single corporates who require accommodation within quick walking or travelling distance to and from work, bakeries, boutiques, delis, grocers and restaurants – Sandton has become an attractive alternative for generating lucrative returns. Flaunting extremely buoyant investment opportunities that guarantee a solid income stream, these affluent properties offer an excellent ROI for both price-to-rent ratio and price-to-income ratio. While rentals are extremely sought-after in Sandton, these property investments also yield tremendous resale opportunities with medium to high ROI’s. Unlike a financial investment that will just park for years, when investing in Sandton property, you have a valuable, tangible asset or investment that just keeps on growing and growing.
Ready for a lifestyle that only a few in the world can afford?
A lifestyle than only few in the world can afford, property in Sandton is simply an affluent address that every property owner wants to include in their property investment portfolio, and is without a doubt one of the most inviting investment areas right now for local and international investors alike. If you’re interested in Sandton property sales, then contact the luxury property specialists at FIne & Country South Africa today. We have many incredible commercial and residential properties to show you.