Estate Living Magazine Smart Moves - Issue 38 February 2019 | Page 28

P R O P E R T Y
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Besides the fact that Somerset West is an incredible destination
to call home, living in a town that is growing exponentially does
wonders for your investment. As demand continues to outstrip
supply, and properties in Central Cape Town become less
affordable, surrounding areas such as Somerset West become
attractive investment options. This area is proving to be a very
popular investment destination.
‘Property values have consistently delivered strong returns, even in
difficult economic times. Bucking the national trend, local property
shows annual growth of 12% to 15% in most price ranges, with
strong gross rental returns, often between 8% and 10% per annum,’
says Strydom.
I N V E S T M E N T