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Here’s why homes in Cape Town’s Panorama are a ‘hot’ investment

09 Feb 2019

A high demand for a central location and top-class homes has boosted the property market for the Cape Town suburb of Panorama, hence, it has retained its steady year-on-year transaction rate since 2015. Additionally, the average selling price continued to strengthen annually at the average rate of 7.7% over the last three years with average selling prices now about 24% higher compared to three years ago.

This Tuscan-style home in Panorama, Cape Town, has three double bedrooms, two bathrooms, indoor and outdoor entertainment spaces, a pool and more - click here to view.

Although not impervious to the economic challenges, Michael Dart, an agent with Seeff in the area, says the above demonstrates the excellent investment value of the suburb, and there is never a better time to buy here than right now.

The suburb is named for the panoramic views, from Table Mountain to Signal Hill and out over the Table Bay coastline. It is one of the many family-friendly suburbs of northern Cape Town and offers tree-lined streets and parks with play areas for children.

Residents have good access to schools and the Durbanville CBD and shopping precincts such as Tyger Valley, N1 City Mall and Canal Walk. There are a host of amenities in and around, including the Panorama Mediclinic, regarded as one of the best hospitals in Cape Town. Access to both the N7 and N1 means easy commuting.

It is a fairly small suburb with only around 753 properties, with just over 70% being freehold and the remainder being sectional title and estate property. Young families and professionals tend to be drawn to Panorama, with almost 70% of all buyers in the 18 to 49 age bracket.

The area still offers very accessible pricing and excellent value for money, says Dart. Deeds Office data shows that the average selling price for full title property is around R2.67 million and sectional title around R950 000.

Generally, full title houses range from around R1.8 million to R3.95 million for a top property that is on the market right now, says the agent. The spacious Tuscan villa is an ideal family home and comes with three double bedrooms, including a large master suite with a luxuriously crafted en-suite bathroom along with spacious living rooms, automated double garages, an outdoor entertainment area and swimming pool and a stunning landscaped garden. There are many unique features that make the property a superb find, says the agent.

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