3 popular Cape Town suburbs for holiday apartment investments
It is now widely accepted that you cannot go wrong with Cape Town property with the Atlantic Seaboard and City Bowl undoubtedly topping the list for holiday makers.
During season, you are unlikely to find a booking anywhere as accommodation tends to be booked up months in advance, Paans said.
While areas such as Clifton, Bantry Bay and Camps Bay rank as the most sought-after when it comes to holiday bookings, apartment prices here now range well into the upper millions and it is beyond the reach of most buyers.
All is not lost though as Paans said there are other suburbs that are just as popular for rentals where you can still find an investment apartment for under R3 million.
Sea Point for example has quick access to the Blue-Flag beaches of Clifton and Camps Bay. It also has no shortage of street cafés, diners and bars with a whole host of establishments lining Main Road.
Source: businesstech.co.za