HOT SPOTS sunbathing , this port city offers an unparalleled array of experiences .
Venture beyond the city limits , and you ' ll find yourself immersed in lush forests , rolling winelands , and breath-taking mountain ranges . The Garden Route , just a stone ' s throw away , beckons with its coastal vistas , serene lakes , and encounters with Africa ' s famous Big Five .
Investing in property here isn ' t just about owning a piece of paradise ; it ' s a smart financial move . With an average national price of R1,411,434 ($ 75,156 ), Cape Town presents an affordable entry point into the global real estate market . And with a favourable property price-to-rent ratio , the potential for long-term wealth accumulation through rental income is promising .
As South Africa ' s economy continues to grow , so does the demand for property in this vibrant city . Whether you ' re seeking adventure , relaxation , or a savvy investment opportunity , Cape Town has it all – and more ."
# 5 Malaga , Spain Rounding out the top five is the southern Spanish city , Malaga ; a city that is well-known for its museums and galleries , is perfect for art lovers and home to some beautiful beaches - making it a great escape for homeowners and travellers alike .
RANK |
CITY |
COUNTRY |
ANNUAL GLOBAL SEARCHES for
2nd Homes
|
1 |
Gold Coast |
Australia |
49,200 |
2 |
Melbourne |
Australia |
44,900 |
3 |
York |
United
Kingdom
|
33,800 |
4 |
Cape Town |
South Africa |
32,900 |
5 |
Malaga |
Spain |
26,200 |
6 |
Adelaide |
Australia |
24,800 |
7 |
Perth |
Australia |
22,800 |
8 |
Auckland |
New Zealand |
21,500 |
9 |
Edinburgh |
United
Kingdom
|
19,800 |
10 |
Inverness |
United
Kingdom
|
19,200 |
Real Estate Investor Magazine APRIL 2024 53