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Cape Town's Kalk Bay is one of the ‘coolest’ suburbs to invest in

20 Nov 2019

In terms of tourist destinations, South Africa is a treasure trove of hidden gems. One such jewel is the quaint suburb of Kalk Bay in Cape Town, named one of the ‘coolest neighbourhoods around the world’ in an article published by Forbes last year. The many boutique stores, iconic Olympia Café and Dalebrook rock pool, along with many other fantastic restaurants, incredible surf opportunities, and quaint harbour and mountain views help make this suburb one of the trendiest places to live in.

This well-maintained two bedroom, two bathroom home in Kalk Bay, Cape Town, is on the market for R4.995 million - click here to view.

According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, this therefore makes the Kalk Bay market a sound investment option for local and foreign buyers alike.

“Trendy suburbs such as Kalk Bay offer year-round rental opportunities and promise good returns in terms of annual house price growth. Lightstone data reflects that the median asking price of a freehold title year-to-date is sitting at R6 million, which reflects solid growth on the R2.45 million that was recorded in 2009,” he explains.   

This two bedroom, two bathroom apartment in Kalk Bay, Cape Town, offers access to a communal pool and is close to amenities. It is selling for R2.7 million - click here to view.

Property prices for homes currently selling range in price from R2.5 million all the way up to R15 million.

However, Kalk Bay is not often considered purely as an investment suburb. According to RE/MAX Living sales associates that operate in the area, there are lots of local buyers looking to buy in this neighbourhood.

“While holiday accommodation is available, most people choose to live in the village year-round,” says Karin Aggouras of RE/MAX Living.

This north-facing two bedroom, two bathroom home in Kalk Bay, Cape Town, offers sweeping views and is selling for R5.9 million - click here to view.

This therefore presents an opportunity for buyers who are searching for a holiday home that can earn an additional income throughout the year. Because there aren’t as many properties available for holiday letting in this area as there are along the Atlantic Seaboard and other trendy ocean side hotspots, those who buy in Kalk Bay stand a better chance of letting the property year-round.

This five bedroom, four bathroom home in Kalk Bay, Cape Town, has a deck, pool and views of the sea. It is selling for R14.95 million - click here to view.

“In fact, we currently have a property for sale that is rented for almost the whole year. The property ‘Bishops View’ was built by world-renowned architects approximately 15 years ago and has been predominantly used as a holiday villa ever since,” says Aggouras.

“It is ideal for either a permanent residence or a holiday home that could continue being let in between. The beach and the village are right on its doorstep and the property has unbelievable views, which makes it the ideal holiday home investment.”

This four bedroom, three bathroom heritage home in Kalk Bay, Cape Town, offers a lovely garden, cottage and uninterrupted views of the False Bay. It is on the market for R6.95 million - click here to view.

Because we are still in a buyer’s market, Goslett says buyers stand to pick up properties such as the one mentioned above for really attractive prices.

“For investors who can afford to enter the market now, I would therefore highly recommend looking at the Kalk Bay area to find a property like this to bolster your income year-round,” he says.

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