The South Peninsula ticks all the right boxes in terms of lifestyle, value and growth and is a hot area when it comes to interested property buyers.
Looking back at 2016, just who were these buyers, why do they choose the South Peninsula? Buyers interestingly are mainly from Johannesburg or upcountry, usually seeking a better, safer lifestyle. Lots of local buyers are present too, however, either scaling down or moving up. The average age of buyers in the area is between 34 and 49 years old. The beach lifestyle, quiet and idyllic setting as well as a variety of amenities and schools, make for key attractions.
There is a sense of community here, set in this beautiful part of the Western Cape, from Kommetjie’s coastline to Fish Hoek’s cat walk, Kalk Bay’s fish and chips to Noordhoek’s pubs and restaurants. Simon’s Town’s penguins to Cape Point’s baboons; there are many lovely things to see and do in the South. Behind the lentil curtain, as it is affectionately known, lifestyle is key here, and fortunately for residents and investors, value for money is here too.
Lower prices attain a generous slice of this lifestyle when compared to areas like the Atlantic Seaboard that offer similar views and beach-town atmosphere. There is also less traffic congestion and yet you aren’t situated too far from Cape Town’s CBD; Ou Kaapse Weg or Boyes Drive mountain passes connecting you quickly.
Identified as an excellent investment area with positive annual growth, properties here also offer potential for Airbnb and the like