Real Estate Investor Magazine South Africa June 2013

SMART MOVES BY JAMES COLBY Emmigrating or Immigrating Brain drain versus a strong currency C ape Town has long been top of the list for visitors, attracting 4.2 million last year and winning the ‘Best City Worldwide’ accolade. Combine this with prestigious awards for everything from natural beauty and conservation to business and design, and you have a property hot spot. According to Knight Frank’s wealth list, Cape Town ranks in the ‘Top 10 most affordable luxury destinations’ in the world. With such international affordability and a weak rand, not to mention excellent weather, a rich cultural heritage and a cosmopolitan lifestyle, foreign investors have made up over 10% of property purchases this year. Heralded as the Saint Tropez of Africa, Cape Town is home to a number of blue flag beaches, a New 7 Wonders of Nature site (Table Mountain), breathtaking coastline, sensational sunsets and world class vineyards; all major draw cards for property buyers. The City also offers a variety of home choices to suit the individual needs of any discerning buyer or investor alike. From sprawling oceanview homes, Mediterranean villas, and art-deco beachfront apartments, to Victorian mansions, and luxurious vineyard homesteads. Cape Town has always been popular with the Europeans, and more recently attracted purchasers from the Middle East to the Far East and beyond, propelling Cape Town to become one of the most sought-after property market ????????((??())???????M?I????????%?????()M?????????????????????????????)??????????????????????????M?)4???????5???????????????4?????$? 8)%????????? ????????????qQ?????????)?????????????A???????????????????????)????????????????????????????????????)??????????????????????????!??????????)??????????????????????????????????)????????????????????????????????????)???????????M???????????????????????????)????????Q??????????????????????????????)???????????????????????????????)??????????????????????????????????)???????????????5?????????????????????)?????????????????????????????????????)???????????t)???????????????M???????????????)???????????????????????????????????)??????????????????????????????5???)????????????????????????????????)M????????????????????????????????)?????????????U,??%??????????????)!?????????????M????????????????????????)????????????????UM?? ??????????????)????9??i???????)???????????????????????????????????)???????????????????????????????????????)?????????e?????????????????I?????%???????)????????????????????UM??????????)??????????????????????????????????????)M?????????????????????????????????) ?????????????????????????????????????)??????????????????????M????????????????)?????????????????????????????????() ???????????????????????????????????????)????????????????????????M???????????????)?????????M????????????????????????????)????????????q??????????t????????????????)????????????????????????????????)???????????????????????????????)????????????????????????????????????????)????????????Q??????????????M????????)??????????????????????]?????????) ?????????????????????????????????)???? ?????????????????????????????????????(??????M????????????????????????????)????????????????????????????????)?????????????????()A????????????????????????????)!???????????????????????????????????)???????????????????????????????????)?????????????????????????????????)?????????????????????????????????????????)=??????????????????????????????????)???????????????????????????????????)???????????????????????????????????????)M????????????????d???????????????????)]????????????????????????????????)??????????????????????M?????????)???M?????????????????????????)????????????????????????????????????)???????????????????????????????????) ?????????????????????????????)???????????????????????????????????)M???????????????????????????????????)??????????????????????()IM=UI L)% 8?%????????? ???????()??????????????((

Real Estate Investor Magazine South Africa June 2013 | Page 64