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Property News South Africa

Capitalising on investment potential in Cape Town's Northern Suburbs

The northern suburbs of Cape Town is currently experiencing an economic growth.
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Source: Pixabay

With attractive residential areas, excellent infrastructure, and growing amenities, these suburbs are becoming prime locations for investment opportunities. Now is the perfect time to consider investing in the Northern Suburbs of Cape Town because developers will soon start increasing the unit prices of new developments.

The northern suburbs of Cape Town, including areas like Durbanville, Bellville, and Kraaifontein, are seeing rapid development and an increasing demand for property.

These suburbs offer a combination of urban convenience and a stunning landscape, making them highly desirable for both families and young professionals. The rising interest from the public in these areas is driving the property value up, which creates a unique opportunity for investors.

Why now is the perfect time to invest

Here are some reasons of why now is the ideal time to invest:

  • Interest rates and financing: There is a strong indication that interest rates might decrease in the near future. As they are stable, investors are assured in acquiring a bond for property investments.
  • Developer activity: Developers are aware of the potential for profit in the northern suburbs. As the demand for property rises, developers will respond by increasing prices for units in new developments. Investing now in a new development such as Balata on Haasendal before this price increase occurs, can provide significant savings and higher returns on investment.
  • Economic growth and stability: The economy is showing strong signs of growth and stability. Key sectors such as technology, finance, and tourism are expanding. This growth is likely to continue, making investments in property more secure and potentially more profitable.
  • Areas to consider for investment

    Several areas in the Northern Suburbs are particularly promising for property investments. A new development, Balata on Haasendal is an exceptional investment opportunity because it meets all the criteria for investors. Occupancy and transfer will only commence in two years, ensuring guaranteed capital growth and rental increases. There is also a R100,000 discount on the launch day which is Thursday, 29 August 2024.

    The Northern Suburbs of Cape Town present a golden opportunity for investors looking to enter a thriving market. With interest rates still relatively low and developers to soon increase prices, now is the ideal time to invest.

    By securing property at Balata on Haasendal, investors can benefit from the area's economic growth and enjoy substantial returns in the future.

    About Denis Dunn

    Denis Dunn is the chief executive officer of Harcourts Dunn.
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