People are tired of the word “recession” and the depression has only just begun. Experts predict that we have more than 18 months of difficult times ahead of us, which is pretty bleak no matter how you slice it. The housing market has been hit particularly hard by the credit crunch, as people struggle to buy and sell property amid soaring inflation, monumental interest rates, and basic consumer uncertainty. But according to some property insiders, the Western Cape, especially the West Cape Coast, remains a magnet for homeowners, luring buyers with its peace and quiet as well as its natural beauty.
For decades, people from all over South Africa, in fact, from all over the world, have made the Western Cape their de facto holiday destination. The white sandy beaches, the summer sun and the relaxed pace are the perfect panacea for those who rush through the constant routine of the rat race. But now, more people are choosing to make the small coastal towns and villages such as Yzerfontein, Paternoster and Darling their homes, as they commute up to an hour and a half to return to the city for work.
The reason so many people are prepared to spend nearly three hours of their day on the road is peace of mind. Traditionally, houses in these semi-remote cities are much more affordable than properties in the big city, with sea views for R2 million ($182,150), compared to the southern suburbs of Cape Town, where a sea view sea can cost more than R5 million ($455,375). ). However, as more people migrate to distant districts, it is reasonable to expect property prices to rise markedly.
Low crime rates, especially violent crimes such as murder, aggravated assault, and rape, are also a major draw point for city dwellers tired of living in fear. Education is also generally good, but more important than that is the safe and relatively trouble-free environment in which parents can raise their children. Drugs, which are unfortunately everywhere, are still not as prevalent or easily accessible as in big cities. Gangs are few and far between, especially violent gangs, and parents can be reasonably sure that their children won’t have to listen to gunshots or sirens while trying to sleep at night.
The main reason people, especially young families trying to start a life, are ditching city life in favor of country life is quality of life. With less stress, less crime, and housing rates that won’t break the bank, it’s no wonder the West Coast is pushing.
Reference:
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