Cape Town’s southern suburbs have been enjoying booming property sales over the past few months.
Buyers have been taking advantage of the suburbs’ value-for-money properties, access to good schools, abundance of lifestyle options, and decentralised office nodes, says Alexa Horne, managing director of Dogon Group Properties.
“We are seeing more and more buyers looking in the southern suburbs. The ongoing influx of Gauteng residents relocating to the Cape has also bolstered sales in these desirable, well-established and safe areas, and we anticipate ongoing buoyant sales for some time to come.”
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Furthermore, the University of Cape Town is located in the southern suburbs.
“Areas such as Rondebosch and Newlands have an ever-increasing demand for student accommodation due to their proximity to UCT and because of this, the southern suburbs have consistent upward trajectory in house prices, high rental return and high rental demand for students and young professionals,” Horne says.