Cape Town’s luxury property market has been boosted by the arrival of foreign buyers, who reap the rewards of a weak rand and value-for-money lifestyle.
, the smart home includes a Tesla power wall, solar panels, a borehole with a water filtration system, central heating, and air conditioning—all controlled by the Control 4 home automated system.The living area has a guest pamper room and a guest bedroom with an en-suite.The open-plan living room and dining room have a pebble fireplace, wooden floors and a feature chandelier.
The outdoor entrainment area comes with a pizza oven, while the heated pool features in-floor cleaning and ozone water purification.On top of an en-suite bathroom, the master suite has a walk-in dressing area and a private deck with a jacuzzi.The grounds feature staff accommodation, a storeroom, two garages with lofts for the gym, and a simulator area that can be used as a home office or private gym.
“There is a strong appetite for luxury property in Cape Town from international buyers keen on exploring the Mother City’s investment opportunities,” said Horne. The Western Cape and Cape Town are also seeing strong semigration demand, while rich local buyers are showing trust in the market.“Factors such as the higher interest rates and semigration continue to significantly increase demand for rental properties in Cape Town,” advises Horne, who says that they are now experiencing rental stock shortages in many areas.
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