Like Lagos Like CapeTown.
2 bedroom apartment in Clifton,(129m2). Includes 1 parking bay is going for R170k ($9 602,27 ) monthly.
7 Reasons why CapeTown rent is shooting for the sky.
A trend to note as a Real Estate investor so that you can get a piece of the pie earlier
A 🧵
2 bedroom apartment in Clifton,(129m2). Includes 1 parking bay is going for R170k ($9 602,27 ) monthly.
7 Reasons why CapeTown rent is shooting for the sky.
A trend to note as a Real Estate investor so that you can get a piece of the pie earlier
A 🧵
1️⃣🅰️ Semigration
People are migrating locally from other provinces to Cape Town.
18% of migrants to the Western Cape between 2006 - 2011 came from #Gauteng (Approx. 75 000 over 5 years)
Between 2016 - 2021 it’s increased to 21%. (Approx. 100 000 over this 5 year period)
People are migrating locally from other provinces to Cape Town.
18% of migrants to the Western Cape between 2006 - 2011 came from #Gauteng (Approx. 75 000 over 5 years)
Between 2016 - 2021 it’s increased to 21%. (Approx. 100 000 over this 5 year period)
1️⃣🅱️ The first wave of semigration to the WC
is evident from late 2013 to 2016 & again since 2020 – in the wake of the pandemic.
The unrest during 2021 & the growing concern around the ability of municipalities to deliver services.
So,as an investor -service delivery is key.
is evident from late 2013 to 2016 & again since 2020 – in the wake of the pandemic.
The unrest during 2021 & the growing concern around the ability of municipalities to deliver services.
So,as an investor -service delivery is key.
2️⃣ Cost.
It costs South Africans 72% more to live in Brisbane, Australia than in Cape Town.
And if you make comparison with London,it costs 134% more.
Those who can’t afford to emigrate overseas,
are opting to semi grate to the coast.
As an investor,focus on alternatives.
It costs South Africans 72% more to live in Brisbane, Australia than in Cape Town.
And if you make comparison with London,it costs 134% more.
Those who can’t afford to emigrate overseas,
are opting to semi grate to the coast.
As an investor,focus on alternatives.
3️⃣ Immigration.
Many Europeans & other foreigners find CapeTown very beautiful.
In 2022, approximately 30% of all property sales along the Atlantic Seaboard in CapeTown were sold to foreign buyers.
As an investor, note that High Demand by high paying buyers drives prices up.
Many Europeans & other foreigners find CapeTown very beautiful.
In 2022, approximately 30% of all property sales along the Atlantic Seaboard in CapeTown were sold to foreign buyers.
As an investor, note that High Demand by high paying buyers drives prices up.
4️⃣ High Cost Of Land .
As the value of lands in the city centre increases,
developers must charge more for their properties to recoup their investment.
As an investor, note that once property prices start going up, undeveloped land will automatically go up in prices too.
As the value of lands in the city centre increases,
developers must charge more for their properties to recoup their investment.
As an investor, note that once property prices start going up, undeveloped land will automatically go up in prices too.
5️⃣ Lack Of Public Transportation.
The city's lack of public transportation.
It means that many people must live close to their workplace which automatically drives up the cost of housing in desirable areas.
As an investor,when you see transportation gap,there's opportunity.
The city's lack of public transportation.
It means that many people must live close to their workplace which automatically drives up the cost of housing in desirable areas.
As an investor,when you see transportation gap,there's opportunity.
6️⃣ Limited Supply Of Housing
Although,there's an increase in new development there.
But there's still existential shortage of new housing developments in CapeTown.
Which means the available properties are highly sought after driving up the prices.
Inflation is an opportunity
Although,there's an increase in new development there.
But there's still existential shortage of new housing developments in CapeTown.
Which means the available properties are highly sought after driving up the prices.
Inflation is an opportunity
7️⃣ Post Covid Ripple Effect.
The pandemic has significant impact on the rental market everywhere.
And CapeTown isn't an exception with many people losing their jobs & struggling.
This has led to an increased demand for affordable housing & has put more pressure on market.
The pandemic has significant impact on the rental market everywhere.
And CapeTown isn't an exception with many people losing their jobs & struggling.
This has led to an increased demand for affordable housing & has put more pressure on market.
8️⃣ As a Real Estate investor, your ability to understand trend in your market is instrumental to your big success.
Remember, in Real Estate the early birds eat the nicer corns.
So, take time to figure out how thing progress and position yourself to get a piece of the pie.
Remember, in Real Estate the early birds eat the nicer corns.
So, take time to figure out how thing progress and position yourself to get a piece of the pie.
9️⃣ If you like this, you will love my book 👇
a.co/d/fmtzbpT
Where I discussed other African countries like Kenya, Nigeria,Namibia etc.
If this is helpful,kindly retweet to help others.
I am Eri'oluwa
Africa most sought after Real Estate Investment Coach.
a.co/d/fmtzbpT
Where I discussed other African countries like Kenya, Nigeria,Namibia etc.
If this is helpful,kindly retweet to help others.
I am Eri'oluwa
Africa most sought after Real Estate Investment Coach.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
