Find out why Camps Bay ranks as one of the top property locations in the country, not just for locals, but buyers from across the globe.
Who is buying property in the area?
Camps Bay ranks as one of the top property locations in the country, not just for locals, but buyers from across the globe. The appeal is across the board, including holiday homes, residential and investment. High demand outweighs supply as buyers from across the globe are streaming here. The entry-level price for the suburb increased from R6,5m for an old freestanding home a year ago to about R8,5m. Even houses priced at R20m are still selling – such is the broad appeal. Aside from local buyers, we continue seeing strong demand from other provinces, especially the Johannesburg area as well as from the UK and Northern European buyers.
What types of properties are available and what can buyers expect to pay?
Camps Bay has become a trendy, cosmopolitan playground favoured by our international visitors, upcountry buyers and locals looking to live in a seaside community close to the city. Old homes in need of extensive modernisation and redecoration will list from around R9m to R12m. Entry-level apartments, studios and one-bedroom apartments in older but sought-after blocks in the Rontree area will list from R4m to R6m. Luxurious sea view apartments and houses range from R16m to R25m. The Deep Glen area is dominated by larger homes with gardens and tends to attract family buyers, with properties here listing from R20m.
What attracts buyers to Camps Bay?
Conveniently located only 15 minutes from the City Centre, Camps Bay is magnificently situated on the Atlantic Ocean and overlooked by Lion's Head and the striking Twelve Apostles. While the rich and famous can be found hanging out at Camps Bay, it is also a wonderful place for families to walk on the crisp white beaches and offers an interesting blend of traditional family suburb and exciting tourist attraction. The beachfront strip offers an eclectic assortment of superb restaurants always kept cool by the breeze off the ocean. No wonder so many visitors surrender to the seductive beauty of this scenic suburb and decide to buy property in Camps Bay.
Graeme Smith: Real estate agent, Dogon Group Properties
This article originally appeared in Neighbourhood, Sunday Times.
Take a trip through the spectacular Atlantic Seaboard here: