Eyeing investment opportunities in Cape Town
Once you have found the right property for sale in Ladysmith, you may be eager to make your next investment in the property market. According to some experts, there is a good opportunity in the Western Cape due to a high demand for apartments.
After securing property for sale in Ladysmith, you may be considering where your next investment should be, and according to some experts in the property market, Cape Town is not a bad shout.
Property investments offer an excellent return on investment if done properly, and when looking for the best potential options, experts are suggesting that you should consider eyeing apartments in the Mother City.
It is reported that there is a huge demand for this type of property at present, due to the security and lifestyle features, and apartments appeal to both holidaymakers and locals. To detail the popularity of these property options further, Christopher Hajec of Fine & Country added, “In a city that is limited in space as it is bordered by mountain or sea, apartments offer a way to provide the density needed to accommodate the demand of locals who want to be in the city and outside of Cape Town’s congested rush hour traffic.”
Affordability is something to keep in mind throughout the process though, as the majority of consumers are interested in convenient spaces that are within touching distance of the city and other hotspots.
The major attraction of properties like apartments is that they offer a ‘lock up and go’ option, which makes them ideal for young couples or professionals, while also appealing to families looking for a convenient holiday base.
If your budget allows, you could also tap into the luxury rental market, but this would require the purchase of an apartment in one of the more affluent parts of the city. Monthly rentals in the likes of the Waterfront can be as high as R45 million per month!
