select
|

Go green in Green Point

As people become more conscious about how they live and the impact of their carbon footprints, looking to greener ways of living is very much on trend. Appropriately named, the Cape Town suburb of Green Point ticks all the boxes when it comes to eco-friendly living.



“There is high buyer demand in Green Point because it caters to a green lifestyle.  Residents don’t even need a car as they can walk or cycle to town, Sea Point or the Waterfront, along first class walkways and bicycle routes,” says Nick Logan, Sales Agent at Jawitz Properties Atlantic Seaboard, specialising specifically in Green Point’s sectional title market.

Additionally Green Point boasts an array of healthy living spaces and options to choose from, just a stone’s throw away in any direction.  The Green Point Market caters to organic vegetable consumers, and the Green Point Urban Park, for example, is a popular spot for nature lovers. The park has an impressive water-savvy irrigation system in place and provides access to education on the various resident flora. Picturesque views of the surrounding city offer a striking contrast to the greenery of the park, and make for a change when using the gym facilities right there in nature. If you’d rather exercise indoors, there are other well-known gym facilities close by, or the option to partake in weekend morning park walks and runs. Perhaps try your hand at the various sporting facilities close by as well from rugby to golf to bicycle races.

“Public transport is also excellent with the bus routes reducing the reasons for residents to need to use their own vehicles,” says Logan.

Perfectly suited to accommodate short-term rentals and Airbnb customers, Green Point is an ideal location for buying investment properties.  “It’s great for visitors because of how central it is here, and many tourists come without cars as they know they don’t need them.”

Along with demand comes high prices and the market is still very much in favour of sellers. “Because of its many advantages, Green Point is not an easy place to leave.  As a result high prices are being achieved when stock does come on the market,” Logan adds.

The last three years paint an interesting picture as to how rapidly average sectional title prices have increased. From January to June in 2014, 52 sales saw an average price of a little over R2, 2 million, while in the same period of 2015, 53 sales produced an average price of a little over R2, 4 million. For the same period in 2016, the 37 sales concluded have seen an average price of R3million, which really indicates how desirable the area is.  “It is clear that buyer demand is not subsiding and for those lucky enough to get a foot in the door, the investment pays for itself both in terms of a rewarding, green lifestyle and a healthy pocket,” Logan concludes.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK