Considering a move to the Cape? Here’s what you need to know
The allure of Cape Town is undeniable. Its breathtaking scenery, relaxed lifestyle, top-notch schools, and perceived better service delivery make it a dream destination for many South Africans. But before you pack your bags and head to the Mother City, there are a few factors to consider.
Understanding the Trends
According to FNB's December 2023 Property Barometer, the trend of semigration to Cape Town is slightly declining, with relocation within South Africa accounting for 11% of property sales. However, Lightstone's migration figures reveal a significant influx of new households in the Western Cape compared to other provinces. This surge reflects the growing appeal of Cape Town as a residential destination.
Factors to Weigh
Traffic and Schooling
Cape Town's infamous traffic congestion and limited availability of spots in prestigious schools like Rondebosch, SACS, Wynberg and Westerford pose challenges for families. It's essential to consider commute times and educational options before settling on a neighbourhood.
Housing Affordability
Cape Town's housing market is competitive, with prices and rental rates often outpacing other major cities. Finding value-for-money family homes near good schools requires diligent research and realistic budgeting.
Exploring Your Options
City Centre Living
Living in the CBD offers convenience for professionals, with proximity to work, entertainment, and educational institutions. Despite traffic congestion, the CBD provides diverse housing options and access to public transport like the MyCiti bus service.
Heading West
Suburbs along the Western Seaboard, such as Blouberg and Melkbosstrand, offer coastal living with good growth prospects and access to quality schools. Graham Ross of Just Property Blouberg says, ‘These areas are popular among remote workers seeking a balanced lifestyle.’
Embracing Country Living
‘Towns like Paarl, Stellenbosch, and Somerset West provide a tranquil environment with excellent schools and more affordable housing options,’ says Talbot Sadler of Just Property Winelands. The upgrade of infrastructure, like the N7 highway, improves connectivity to Cape Town.
Garden Route Retreat
‘Garden Route towns like George, Knysna, and Plettenberg Bay are ideal for remote workers seeking a slower pace of life,’ says Kylie Botes of Just Property Knysna. These areas boast scenic beauty, fewer traffic delays, and proximity to essential amenities.
Renting vs. Buying
Due to the high demand for spots in top schools, newcomers are advised to apply for school placements before relocating or to rent temporarily. However, buying property sooner rather than later is recommended, as prices in the Western Cape show no signs of slowing down.
Seeking Expert Advice
Navigating the Cape Town property market requires the guidance of knowledgeable real estate professionals. Building a relationship with a trusted agent can provide valuable insights into housing options, school districts, and commuting routes, ensuring a smooth transition to your new home.
Before embarking on your Cape Town adventure, take the time to research neighbourhoods, assess your needs, and consult with experts to make informed decisions that align with your lifestyle and budget. With careful planning and the right support, your dream of living in the Cape can become a reality.
