Cape Town has been voted one of the 10 best places in the world to live in according to the UK Telegraph and Sotheby’s International Realty survey.
Lew Geffen, chairman of Sotheby’s International Realty in South Africa says 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.
This is largely thanks to its beautiful beaches, great restaurants, friendly communities and wide choice of properties.
Lew Geffen, chairman of Sotheby’s International Realty in South Africa says 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.
“They also listed the Cape’s amazing wine, mountains, fun-loving people and outdoorsy lifestyle among the many factors adding to the city’s 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, included Hong Kong, New York City, Maui in Hawaii, Barbados and the Turks and Caicos islands, the North Island of New Zealand, Tasmania, Buenos Aires and Victoria on the west coast of Canada.
He says they are delighted although not altogether surprised that Cape Town ranked in the top 10.
“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.”
The Telegraph noted that an upmarket, four-bedroom apartment in high-rise Hong Kong would cost the equivalent of about R125 million, while a two-bedroom city apartment in the cheapest location in Buenos Aires, would set you back the equivalent of R1.5 million.
He adds that in Cape Town, luxury apartments in the new Mirage development in De Waterkant area are priced at around R10 million while two-bedroom homes and flats in trendy locations at less than R1.5 million.