Over
the past 5 years Cape Town Real Estate has gone through one of the
most phenomenal booms ever experienced.
Realtors were run off their feet as local and International buyers
joined in a crazy rush for every available piece of this stunning
city.
Places which had been popular before have been sold for previously
unheard of multi-million rand figures, while down-at-heel suburbs
became revived and restored to their former glory days as investors
snapped up bargains to renovate and rent out or re-sell.
An example of the latter is Muizenberg, a multi-racial, multi-income
group coastal town at the entrance to the False Bay coast.
In the past Muizenberg was an attractive holiday resort for wealthier
families, with its long white beach and appealing setting under
the mountains.
In more recent times the town became a hot spot for drugs and prostitution
– crime ran rife in the heart of the old village and families
fled to make way for unscrupulous landlords who allowed overcrowding
to develop into squatting.
In the last couple of years Muizenberg has seen a rather miraculous
revival as buyers began to see it as a gold mine – prime coastal
property going for a song.
The village at the heart of Muizenberg has become an arty, cultural
place with the 1930’s houses surrounding having their Oregon
pine floors and sash windows stripped and painted. The beachfront
area has been bought up by big-time developers and is currently
being completely overhauled while keeping with-in the heritage regulations
maintained by the City of Cape Town.
This is just one example of how the Cape Town property boom is
changing the face of the city. Similar success stories are being
told from the Atlantic Seaboard, through the heart of Cape Town city which is itself in the middle of a revival, right throughout
the Northern and Southern Suburbs.
Now that the boom has settled into calmer waters it is possible
once again to purchase property at more realistic prices if you
are prepared to do your research.
And who wouldn’t want to own a prime piece of such a beautiful
city – one of the most beautiful in the world?
Cape Town Property.
An investment in your future.

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