Blouberg, Blaauwberg, Cape Town – South Africa

PROPERTY prices along the Cape west coast continue to escalate due to high demand, especially the areas closest to the city of Cape Town. Agents say values in areas such as Blouberg are growing ahead of the countywide average of 11%, despite a general slowdown in the property market in the Cape Peninsula.

The west coast also offers a highly affordable seaside lifestyle compared to the Atlantic seaboard, boasting panoramic views across the bay to Table Mountain and Robben Island. Land available for development along the Atlantic seaboard has become scarce, fuelling the value growth in western seaboard properties where spacious uncluttered beachfronts offer relatively affordable opportunities for seaside investors. For these reasons, it is becoming an increasingly popular choice with young and aspiring investors.

Apartments and security estate units in Blouberg complexes — where one, two and three bedroom simplex and duplex units vary in size from 138m’ to 204m’ — range in price from R1,3m to R2,9m. The average square metre price of apartments is R11800 in Blouberg, which compares very favourably with similar apartments along the Atlantic seaboard, which could go for between R30000 and R40000 a square metre.

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