In the area 1 Cape Town
Thanks to its beautiful beaches, great restaurants, friendly communities and wide choice of properties, Cape Town has just been voted one of the 10 best places in the world to live in a survey conducted by the UK Telegraph and Sothebys International Realty.
Readers of the newspaper named Camps Bay and Hout Bay as their favourite parts of Cape Town, and sang the praises of the Cape Dutch homesteads in the Southern Suburbs and modern apartments overlooking the V&A Waterfront, notes Lew Geffen, chairman of Sothebys International Realty in SA.
They also listed the Capes amazing wine, mountains, fun-loving people and outdoorsy lifestyle among the many factors adding to the citys appeal.
The online survey was undertaken last year after the Telegraph learned that one in three Britons is now considering emigration, and it asked readers to recommend the top spots for these people to settle, by planting pins on a virtual map of the world.
It drew a huge response from readers all over the world, and a wide variety of recommendations, some of them quite unexpected. The other nine destinations among the top 10, for example, included Hong Kong, New York City, Maui in Hawaii, Barbados and the Turks and Caicos islands, but also the North Island of New Zealand, Tasmania, Buenos Aires and Victoria on the west coast of Canada.
We are of course delighted although not altogether surprised that Cape Town ranked in the top 10, says Geffen. Apart from enjoying a better climate than most of the other places on this list, Cape Town generally offers much more value for money in real estate terms, especially when it comes to upmarket properties.
For example, the Telegraph noted than an upmarket, four-bedroom apartment in high-rise Hong Kong would cost the equivalent of about R125m, while even a two-bedroom city apartment in the cheapest other location, Buenos Aires, would set you back the equivalent of R1,5m.
In Cape Town, by contrast, we currently have large, luxury apartments available in the brand new Mirage development in the sought-after De Waterkant area for around R10m, and a whole range of two-bedroom homes and flats in trendy locations for less than R1,5m.blog comments powered by Disqus
Article from: www.sothebysrealty.co.za