Because people are moving in large numbers to Western Cape



Life in luxury real estate is on the rise and the choice to live under a security blanket, golf courses and fully equipped amenities is clearly visible in Western Cape real estate markets such as Constantia.

A Seeff Property Group report shows that the Constanta area has seen steady growth in terms of both local and foreign buyers.

The real estate firm says Constantia has recorded transactions of just under 2 billion rupees and a record number of sales of more than 20 million rupees, the best numbers since the 2015-2017 real estate boom.

Other suburbs in the Western Cape that have seen consistent sales numbers are Sea Point, with an estimated R1.3 million transactions, and Bishopscourt.

The province’s success in luxury manufacturing by living in a country that is battling many socio-economic challenges goes hand in hand with good governance in the Western Cape, greater stability in the province and the maintenance of roads and infrastructure, explains Steve Thomas. secure property specialist for Lew Geffen, Sotheby’s International Realty in the southern suburbs of Cape Town.

The report also found that some South Africans are less reluctant to leave the country, so they would prefer to invest in high-end developments.

He adds that this helps attract international shoppers, however more locals see the difference in living in the Western Cape compared to other provinces.

The province is frequently recognized by tourists as one of the best places to visit in world tourism.

New World Wealth and Henley & Partners released a report titled “The Africa Wealth Report 2022 ”which listed the most popular places rich people in South Africa love to visit locally.

They included the hotspots Hermanus, Paarl, Franschhoek, Stellenbosch, Knysa and KwaZulu-Natal, Umlanga Rocks, and Ballito.

The same can be said for most of the areas above, as four Western Cape destinations have been included in the list of the 100 most popular destinations in the world in 2021 by the Tourism Sentiment Index (TSI).

Stellenbosch was listed at number 23 globally, followed by Knysna at number 19, while Hermanus ranked 41 and Cape Town at 54.

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