Why more buyers are seeking a property for sale in the Western Cape
Globally, South Africa is known for jaw-dropping, natural beauty and some of the most interesting cultures and people. By far one of the most popular tourist destinations within the country is, of course, the Western Cape. This province holds immense allure for people seeking to escape to a world of stunning beaches, majestic mountains, and world-renowned Cape Winelands. Whether you are keen on fresh seafood at the V&A Waterfront or spotting surfers ride the waves of two oceans at Cape Agulhas, this province is for you. It makes sense, then, that finding a property for sale in this region of the country has become such a sought-after notion.
How the “Zoom boom” semigration trend plays a role
With the start of the global pandemic, more and more companies realised that working from home was a possibility. A greater reliance on video conferencing technology and remote work (also known as the “Zoom boom”) have allowed professionals to gain much more geographical flexibility. This means they are now freer to move further away from their place of employment. Thanks to exceptionally low interest rates, the current buyer’s market also makes it possible for people to invest in property. Many find that their home loan repayments are lower than what their monthly rent for a similar home would be. Working from home and affordable housing means that more young people are relocating to places commonly pursued by retirees. Property for sale in the Western Cape is becoming increasingly popular because it falls into the Zoom boom semigration trend of moving away from urban cities to quieter, holiday destinations.
Why the province is a fantastic place to settle
One of the most popular places in the Western Cape is Cape Town, and if it is a luxury property for sale you are seeking, then there is no better place to look. Living in and near the Mother City is something to which many South Africans aspire, and superb property prices are now making it possible. Even usually quieter coastal villages and harbour towns in the Western Cape, such as Langebaan, Saldanha, Paternoster, Yzerfontein, and Vredenburg, are now in high demand when it comes to their homes for sale. These are also ideal for buy-to-let investors who understand the demand for holiday homes and vacation rentals. Quaint, sleepy towns, once thought of as places to retire or only visit during annual getaways, have now become permanent residences for both young and older families. There is also an increase in buyers from inland provinces such as Gauteng and Limpopo, and there are still many residential and investment properties for sale available.
The Western Cape is not just known for its natural beauty and exciting things to do and see, but for its well-developed infrastructure, cared-for roads, and the Cape Town International Airport. Relocating to the area is a sure way to embrace all that our rich and diverse South African culture has to offer.
We can assist in your search for the right property for sale
We at Fine & Country South Africa specialise in the luxury property market, and our expertise lies in pairing prospective buyers with the homes of their dreams. If you are looking for a property for sale in the Western Cape, then our listings are sure to have something ideal for you. Whether you are looking to retire and enjoy some whale-watching or want to raise a family in any one of the tranquil suburban spaces in the area, we can assist you.
To view our current listings, click here, and feel free to get in touch with us for any questions you may have.