Properties in Cape Town

Cape Town

Cape Town is located in the African County, South Africa. It is said to be very densely populated and it has been ranked as the second most populous cities in the country after Johannesburg which has the highest population. The total population is estimated to be around 3.4M. The population growth has been under 1% per year. The latest census shows that the population increased by 0.02%.

Real Estate in Cape Town

You can find the real estate listing for Cape Town Online. You can also find good listings if you visit the real estate companies in the city.

Rental Rates

To rent a 3 bedroom apartment in Cape Town, you will pay approximately R500 and above. This rental rate however depends on the size of the apartment, location, security, proximity to the city centre, infrastructure and the landlord’s rates.

To buy a three bedroom beach house, you will spend approximately R998, 000. The same house located away from the beach would cost approximately R1, 250, 000 to 1,300,000.

Legal Restrictions to buying land in Cape Town

Both foreigners and locals are allowed to buy land in Cape Town. All the land in this City is registered by the Deeds registry therefore making the purchase very easy. Once you find a property that you would like to buy, you first have to contact the registry office and find out about the ownership of the property. This protects you from falling victim to scams run by people claiming to sell land that may not really belong to them.

Over the years, there has been talk that the South African government was trying to limit the numbers of foreigners land owners. However, the government disputed these rumors and instead claimed that they are trying to get more foreign investors in the country.

Socio-economics

The two main factors that affect the socio economics of Cape Town are crime rates and HIV-AIDS. The number of reported HIV related deaths in 2010 was 41,306 with the prevalence rate being 6.9%. However, the crime rates have reportedly gone down over the years with the increase of police stations. However, drug related crimes are still prevalent.

Cape Town has very good investment opportunities with the economic growth being said to show some good possibility of growth. The infrastructure is really good and it is getting better with time.

Politics

Cape Town is the Legislative capital of South Africa.

Since 1994 after the apartheid was over, the number of African parliamentarians was increased. The main political party in the country is Africa National Congress (ANC).

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