October 25, 2024
Paul Berman discusses the high demand for Cape Town's Atlantic seaboard, which is often referred to as the 'South of France of Africa'. There has been a large increase in immigration and semmigration from within South Africa and abroad, leading to limited land and property availability. The trend is towards apart-hotels and residential developments, with investors purchasing properties and renting them out for a good return. The high demand for rentals is driven by people with disposable income but not enough capital to buy their own properties.
