Just curious about members views on the latest trends and outlook for property in Cape Town. Having invested in a few places around the new Green Point stadium development for the world cup, prices seems to have been steadily rising to be hit by the credit crunch, and the general downturn, as well as higher living costs, etc.
Not living there, I was wondering what the sentiment was in the market. It still looks like a goods like a good hold until after the world cup, especially with all the development an infrastrure being put in place. It also seems well placed for general growth with the development of other areas and general tourist attraction that Cape Town offers.
There was a rumour about further development of the centre area buy the Dubai DIC? owners, after the V&A have future development rumours been quashed?
Any take from members, or locals on the growth prospects for Cape Town - and if there are certain pockets areas within the city that look more promising for growth than others? Ian