Investing in The Tavern of the Seas
Just as the ocean enjoys the natural ebb and flow of its waves going into and out of the sandy shores, so does the Western Cape province, otherwise known as the Tavern of the Seas, enjoy the constant ebb and flow of international and local property investors and homeowners into and out of its local property market – a property market which never seems to see low tide.
The upmarket, architecturally stylish properties within this beautiful province, and nestled along the prestigious Atlantic Seaboard, have long commanded a premium thanks to the exclusivity and seaside atmosphere offered to those who are privileged to call this province home. Renting or owning a property by the sea only boasts positive qualities and in this article we take an in-depth look at why the Tavern of the Seas offers property investment opportunities to be 'shore' of…
Investing in The Mother City, as the Western Province is also known, will see property investors and wealthy homeowners sharing 129 462km2 of South Africa's national land area alongside about 5.82 million other residents. Not only will homeowners share this provincial address with other residents, but living in the country's most beautiful province will also see them sharing the land with the lion's share of foreign tourists – with Cape Town featuring hotly on the tourist map. However, with mountainous and oceanic landscapes, there is, fortunately, enough space for everyone and their pet animals with Table Mountain and well-known areas beckoning homeowners all of kinds and calibres.
Keeping a watchful eye of all movement on the ground is the high and mighty Table Mountain – Africa's symbol of the far north. From Table Mountain to the hook-shaped Cape Peninsula, to the jagged cliffs of Cape Point, and the wide-open semi-desert Karoo, property investors and potential homeowners truly have their pick of mountainous areas, patchworks of fruitful farmlands, long
beaches and wide-open landscapes to put their roots down. One can find a property to purchase on the side of the cold Atlantic Ocean or the side of the warmer Indian Ocean, or why not immediately where the two oceans meet.
While homeowners have a wide choice of residential areas to choose from, where one calls home is still dependent on employment and job opportunities. The Western Cape economy contributes
about 14 percent to the country's GDP. Contributing to the province's economy, and subsequent job opportunities are the sophisticated sectors of finance, real estate, ICT, tourism and ICT. If homeowners are not skilled in these sectors, they can find a job in the insurance, banking, petroleum or printing and publishing industries with major companies based in different areas around
the populous province.
Better yet, more job opportunities are available in the Western Cape's manufacturing sector, as well as clothing and textile industry – which remains the most important industrial source of employment here. Cape Town sees the highest amount of property purchases and interests from potential investors with it being the economic hub of the entire province.
And if work and home are not destined to be located with city centres, the sheltered valleys within the Western Cape cultivate export-grade fruit, wheat and vegetables. The Karoo and Overberg areas offer job employment in the wool and mutton industry, while the province as a whole provides job employment in horse exportation and is a leader in the export of ostrich meat to Europe, leatherware and ostrich features. Not forgetting the production of wine – what the Western Cape is known for.
The variation, value and amount of job opportunities also play a positive role in increasing the value of residential properties – which in the Western Cape has increased significantly.
Quality of life & cost of living
So why look to live in the fourth-largest province? Well, it's pretty easy. Besides the work opportunities, investors and potential homeowners can enjoy a high quality of life. This high quality of life not experienced by residents of other provinces creates a potpourri of diverse, cultural backgrounds which gives the Western Cape a cosmopolitan flavour and a demographic profile quite different from the national pattern.
Potential homeowners can also enjoy a varied topography and Mediterranean climate with the province boasting sunny weather perfect for days enjoying the beach, mountains and natural landscape. Outdoor living enjoyed here really heightens the quality of living, and the best part of exploring the mountainous trails or lying on the beach – it does not cost a thing. While general restaurants and entertainment spots render on the higher side of the costly scale, there is so much else to do in the province which doesn't cost a cent.
Although the cost of living and household expenses increasing with the national level, those residing in the Western Cape can take advantage of local sheep farmers or fishing on the abundant west cost lowering food costs. And when living expenses are paid, those lucky enough to have spending money, can enjoy the Western Cape's excellent wine and rich cuisine, vibrant nightlife, endless shopping opportunities, trips to historical sites and landmarks like Robben Island – all these and more which make the Western Cape one of the world's greatest tourist attractions.
shortening the properties lifespan. It is important for the extended lifespan of properties, for builders and architectures to apply treated applications and preventative measures. Another factor to consider when purchasing a property or building a property on land in close proximity to the sea is the type of terrain the property is built on. Steep, rocky or sandy areas are generally found under seaside homes. When building a property on one of these terrains, investors and homeowners need to consider the correct development of building to ensure long lasting foundations of the property.
After considering the maintenance demands of seaside homes and ensuring the correct development of the property, homeowners can enjoy all the unique benefits of calling Western Cape their home and living by the ocean. The pleasure of seaside living, as well as the consistently high demand for seaside properties and high prices, have created some of the most valuable areas in South Africa – and a great, value-increasing investment. Homeowners residing by the sea in Western Cape can enjoy splendid views of the horizon and jaw-dropping sunsets and sunrises. Extended evenings and mornings, due to the positioning of the property, make days feel much longer, which is a big factor in how residents assess their quality of life – a special Cape lifestyle indeed.
Unlike the busy city centres of the Western Cape, seaside residences are normally grouped in small communities which promise peaceful, cleaner residential suburbs. Homeowners also get to enjoy cleaner, fresher air. With all this fresh air and oxygen, it's no wonder inhabitants of Western Cape enjoy better health and a longer life expectancy when compared to residents of other provinces.
On the note of health, inhabitants of Western Cape have the lowest HIV prevalence rate (five percent) when compared to other provinces. In addition, the province also enjoyed the lowest under-five mortality rate in the whole country. It is these high living conditions of the Cape which draw many, many investors into the region. And when health is of the highest standard, thanks for the natural setting, residence's health can also be kept safe living in a province which boasts one of the lowest crime rates in the country.
TOP ATTRACTIONS FOR RESIDENTS
- Table Mountain & Aerial Cableway
- Robben Island & Rhodes Memorial
- Kirstenbosch Botanical Gardens
- Victoria & Alfred Waterfront
- Cape of Good Hope
- Cango Caves & Bo-Kaap
- Cape Peninsula & Cape Point
- Lion's Head & Signal Hill & Chapman's Peak
- Birds of Eden & Seal Island
- One of the world's floral kingdoms - the Cape Floral Kingdom
- Bloukrans Bridge
- Boschendal Wine Estate
- Ratanga Junction & The Cape Wheel
- Benguela current along the west coast provides rich fishing ground
- The country's largest indig