Properties near good transport links have shown stronger growth than those that aren’t, according to Laurie Wener, managing director, Pam Golding Properties Western Cape.
Over the last six years the City of Cape Town has invested significantly in public transport, a big bolster to the city’s real estate market. By September 2015, the MyCiTi Bus service had 31 routes covering about 1,27 million km each month. There were 36 stations, more than 500 bus stops and more than 215 buses in the peak-hour periods, transporting 47,909 passengers each weekday. “Given the increasing numbers of vehicles on the road, rising fuel prices and people’s expectations of convenience, the more varied transport options you have, the more capital gain you can expect,” says Wener.
This article originally appeared in Neighbourhood, Sunday Times.