The tightening of the economy and its impact on the property market has underscored a trend amongst buyers to seek far greater value for money from their homes. 
And as buyers become more discerning, areas that offer great location and make for easy living complete with gym, restaurants, access to public transport are finding most favour.
So says Bev Bloch of Pam Golding Properties who says the Cape’s leafy Southern Suburbs which have some of the country’s best schools, university and hospitals are a top regional choice for property investors from around the country.
She says apartments in the Cape which offer good lifestyle options and have the potential to become rental stock are likely to become better long term investment options.
“One of the best value for money currently on offer in the Cape is a one-bedroomed apartment in Claremont’s hottest new lifestyle precinct, The Quadrant, starting at R1-million.
“Because it’s a new development there are no transfer duties payable which adds to its attraction. Buyers for both residential and investment purposes are assured of quality and convenience and given the location and an anticipated boom in property values in Claremont, it offers real value.”
She says a further compelling reason to buy apartments at The Quadrant is that they provide real investment in an asset which can be let out or lived in and is far better than a holiday pad in a syndicate or fractional ownership.
“It’s about owning a really great suite in the heart of Cape Town’s Southern Suburbs with all the amenities including gym, a fully stocked public library, opposite Kingsbury Hospital, at your home and one of the country’ best Italian restaurants as well as a upmarket deli and wine bar right on your doorstep.
“This type of accommodation is being rented out both monthly or daily through property rental teams and we have found a lot of interest especially from companies are looking to peg costs and opting to buy rather than pay for overnight business trips.”
She says affordability, while obviously a key issue, is not the only determinant of value.
“It’s not just a question of how much more one can buy for the same money, but equally about quality, 24-hour security, convenience and the added value that the area or suburb is perceived to offer.”
“From a price perspective, Claremont has tended to be overshadowed by some of its more illustrious neighbours.  However, it lies within close proximity to the city as well as many of Cape Town’s attractions and is easily accessed by both train and road, particularly following the upgrading of several of the roads in the suburb. 
“Claremont is also a popular commercial area and synonymous with the well-known Cavendish Square mall.  In addition, it offers a variety of speciality shops and sporting and entertainment facilities, and is also very well situated with regard to some of the city’s major schools and medical facilities,” she says.
‘The Quadrant - which stars in a forthcoming property exhibition at Cavendish – is an upmarket residential complex that offers a range of facilities in a modern ‘live, work and play’ environment.  These facilities include a fully-equipped gym and lap pool, restaurant and bar facilities, and even a public library on the property.
The Quadrant offers superior architectural and design features, a highly contemporary feel and superior quality finishes. Its been hailed as providing great ‘city living’ with the added advantage of the space and tranquility that the Cape’s leafy Southern Suburbs have to offer.

Issued by Bev Bloch at Pam Golding Properties

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