To say that it is one of the most beautiful places on earth is actually an understatement. It has plenty of everything, the ocean, the mountains, the natural forests, nightlife, and sporting activities. This is what makes choosing where to buy your Cape Town property even harder. If you think the world has not noticed this you are mistaken because Cape Town is fast becoming the second home destination for the world.

Four years ago the average cost of a house in the Cape Town property market was 970,000 Rand. A popular place to buy was the uber-rich Atlantic Coast suburbs of Camps Bay and Clifton, which were the destination of choice for most foreigners seeking a second investment home.

When you decide to buy yourself home or any other kind of real estate, you might in the beginning feel excited about prospects. As time goes by and after viewing a seemingly unending list of properties that fast blend into each other in a blur, it can start looking fairly daunting.

If you have been following the property trends in South Africa you will realize that Cape Town property markets is actually been going through a period of more than healthy growth even in the midst of global fiscal depression. With a 20-25 growth rate the question really is who is buying into the Cape Town property market?

One of the fallouts of the economic downturn overseas is also the growing number of ex-pats who are returning home to South Africa to find jobs. So one of the growing sectors of buyers who are investing in Cape Town property is young families who are settling down and buying prime properties that are competitively priced. Another factor that is helping this is the recent cuts in interest rates by the Reserve Bank. This and scarcity of supply is kept a rosy glow around Cape Town property futures.

Purchases made in the Cape Town property market in recent times also follow the trend of buying older houses with a view to renovating. These spectacular old homes are endowed with big plots that allow you to extend and add as you see fit. Stand-alone property is favored over gated estates as this allows the buyer to individualize the design and architecture of his Cape Town property.

It is true that stupendous leaps of 30% growth a year in Cape Town property prices are a thing of the past but even with a slower pace the return is very good and the growth signifies excellent capital returns. All indications show that the growth rate in the Cape Town property market is still stable with a year on year growth of 15, 5%.

In the middle of a boom, Cape Town property for sale are also fast becoming some of the most sought after properties in the world. Since the opening of the property market to foreign investors, the Cape Town property market has seen healthy growth fueled by strong interest shown by both domestic and foreign buyers.

With tough economic conditions and problems of finding mortgage finance, it is very important to find affordable yet viable housing in the Cape Town Property for sale market.

This is especially true if you are a first-time buyer and a late entrant in the boom. Accessibility is very important if you are scaling down as a retiree or you need to sell up for your growing family.

Yet affordable housing is not a fantasy as there are still certain Cape Town suburbs that will give you the quality of life that you want without putting you in debt forever. A well-built and decent home between R600, 000 to 3 million Rands is not a myth. Starting from compact apartments favored by young couples to larger detached homes there is still value for money to be got in the Cape Town Properties for sale if you know where to look for it.

Cape Town properties in the southern suburbs are known for their quality family lifestyle and their sizeable homes with large plots. Positioned near the University of Cape Town and many other top schools its reputation is well-founded. Most first time buyers would love to own a piece of this real estate dream but balk at what they think will be extremely high price tags.

This however doesn’t have to be so as you will find out if you do the round of agents listed in that area. The good news for budget buyers is that there are a number of options available here for both first-time entry-level buyers and young couples who want a share of the Cape Town property pie. Numbers of choices are also there for buyers looking to trade up and upgrade to larger family homes.

A great place to find your ideal Cape Town property is in the townships of the Southern Suburbs like Claremont, Kenilworth, Observatory, and Pinelands, which now have a large selection of houses prices below the 3 million Rands mark. In Tokai and in parts of Bergvliet, it is still not impossible to locate an 800sqm, 3-4 bedroom haven that is within your budget.

A very popular suburb is that of Harfield Village which has been getting increasingly popular with entry-level buyers like couples without children. These lovely finds come with their own medium size easy to manage plots, sturdy, well-designed houses, and centralized location. You can still buy a 4 bedroom house with two garages here for as little as 2.35 million Rands. There is also some activity in this Cape Town property market from parents who are buying their student children sectional units to start them off.

Another Cape Town property market is in Central City where you can get an entry-level apartment right at the center of the business district for about 500,000 Rands. A cool bachelor pad is yours for between 1-2 million Rands. These are great for professionals who work in the city and can be saved as a future investments for their potential for rental income.