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Cape Town enjoys a large influx of foreign visitors each year and many of them fall in love with the cities many charms. Over the years this has led to a large number of foreign visitors choosing to either return to Cape Town or to even settle down and open their own business or purchase their own houses.
With a large number of tourist related activities, favorable exchange rates and a great atmosphere, and you have a climate that is appealing to investors.
Cape Town has quite distinctive areas and covers quite a large geographical area, which incorporates quite a large amount of seafront real estate. The most popular investment areas include:
This area is a firm favorite with both locals and visitors alike and is considered the playground of the rich and famous. Properties in this area are the most expensive in the country and fetch over the R100 million mark. A buzzing night life, beautiful views and the hub bub of high society make this area a favorite with investors.
With its many guesthouses and walking distance to the city center, this area has experienced a massive resurgence of late and is considered one of the areas to live.
Long considered to be one of the most posh areas of the city, Rondebosch is home to some of the more stately homes in Cape Town.
As mentioned previously, Cape Town covers a very wide area geographically and many of the farming areas are classified as being part of the city.
Hemmed in against the back of Table Mountain, this area is one of the longest established wine growing regions in the country.
Long considered by many to the premium wine producing area of the country, Stellenbosch is always an attractive place to purchase .
A relatively new wine producing area, this region has also experienced massive growth in recent years.