During the recent months, Ross Levin, licensee for Seeff Atlantic Seaboard, has seen a significant shift in homebuyers investing in gated estates instead of freehold living.
With the effect of the pandemic, there has been an increasing trend as buyers are looking at luxury housing estates for a better quality of life and security, further increasing property value.
Benefits of Living in an Estate
- You are part of a community in an estate and may socialise if you please.
- Depending on the estate, the development will include many lifestyle amenities for outdoor enthusiasts such as golf, hiking and cycling routes.
- With wide-open spaces and 24-hour security, you can rest assured that your children will be safe as estates offer secure play areas for children to play with a swimming pool for those hot summer days. Provided that there is always parent supervision.
- You can have peace of mind, knowing that your property will be well-maintained and looked after by the Homeowners Association but note that this may come at an additional add on fee.
The Cape's Finest Ridge Estate
The Cape's exclusive The Ridge Estate, situated in Tamboerskloof and on a slant of the spectacular Lion's Head Mountain Range.
The Ridge Estate is an exclusive new luxury estate built in the City Bowl and Atlantic Seaboard area, featuring picture-perfect views and serene natural beauty.
The estate's gated community offers privacy in an exclusive location with world-class schools nearby. Each home is a top-quality development designed with guidance from one of SAOTA's (Stefan Antoni's) most sought-after architectural firms, who created many exclusive homes and high-profile projects across the country.
Acting as a haven for luxury buyers, the Ridge Estate offers unparalleled views of the changing skyline and city opening out onto the bay, all of which you can see from the elevated slopes of Lion's Head with sacrificing convenience. The estate also offers secure facilities available to residents at all times.
By providing a tranquil lifestyle in a secure setting, combined with its proximity to the bustling Cape Town metropolis, there is no surprise why the newly constructed Ridge Estate is attracting significant interest from buyers looking at investing in real estate in the area.
Seeff licensee Ross Levin believes Seeff Atlantic Seaboard will continue breaking records, causing the price ceiling of vacant plots of land to skyrocket.
Demand for luxury gated estates extends from the international buyer and local, with buyers from Johannesburg purchasing these estates. The need for gated estates has increased as families realise the importance of space when raising children and security. Capetonians have also expressed interest in these areas, as the estates and surrounding grounds offer great secluded living without the presence of high rise buildings.
Hotspot Luxury Estates in the Cape
The City Bowl remains a hotspot for luxury real estate. Some examples include Oranjezicht, Higgovale and the aforementioned Tamboerskloof area, all of which have seen some of the highest capital value growth in this period. Levin notes that now is the perfect time to invest in property in the area as brilliant deals on gated estates are spiking, especially those acquired through pre-sale agreements or membership clubs (before your fellow manor members start flooding the market).
Related Articles
