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The Charm of Green Point: An Urban Haven in Cape Town’s Property Market

July 29, 2023

1 min read

Green Point, a picturesque suburb in Cape Town, continues to be a popular choice among property buyers. Its stunning sea views and convenient location near shops, restaurants, and recreational spots make it an easy choice for investors and home seekers who value an urban lifestyle.

Convenient Location

One of the key factors contributing to the rising demand for Green Point properties is its central location. Residents enjoy easy access to the Central Business District (CBD) and beautiful beaches of Clifton and Camps Bay. Transportation is made easy with private vehicles and the efficient My-Citi Bus service.

Growing Interest in Green Point Real Estate

Alexa Horne, Managing Director of Dogon Group Properties, confirms the growing interest in Green Point real estate. The limited residential space in the area has led to robust demand and increasing prices. However, Horne emphasizes that Green Point still represents excellent value for money compared to other neighborhoods.

Variety of Property Options

The current property market in Green Point showcases a variety of options catering to different budgets. Buyers can find newly renovated apartments with private balconies, communal gardens, and pools, as well as luxury fully furnished apartments in prestigious buildings that offer breathtaking views and exclusive amenities.

Investment Opportunities

Green Point’s popularity among young professionals and university students is also worth mentioning. Well-priced properties and hidden gems throughout the area have excellent potential for value appreciation and are often priced lower than comparable properties in nearby suburbs, making them great investment opportunities.

Surge in Sales Activity

Between February and May, sales activity has seen a significant surge, with investor buyers from Gauteng and KwaZulu-Natal leading the way. First-time buyers also benefit from attractive incentives when purchasing with a bond. The price range of R1.2 million to R2.5 million has experienced strong demand, with 3-bedroom apartments available for around R2.95 million.

Community, Security, and Vibrant Energy

Green Point’s charm lies in its harmonious blend of community, security, and vibrant energy. Residents can relish leisurely strolls or bike rides along the promenade, explore the famous V&A Waterfront, soak up the sun at nearby popular beaches, and enjoy trendy coffee shops and restaurants, all within walking distance.

The Bottom Line

Green Point remains one of Cape Town’s most desirable suburbs for those seeking an extraordinary living experience in a dynamic and thriving urban environment.

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