In the past few years, the Cape Town property market has experienced enormous growth. There has been high demand due to factors like semigration and international interest. During 2018 however, the local property market was certainly under pressure with external economic factors, water shortages and overall political instability. With this in mind though there are definitely certain areas that have triumphed and continue to gain strong momentum, Edgemead being one.
The aesthetic attractability of Edgemead is undeniable, known as one of the original ‘Garden Cities”. With its leafy suburbs surrounded by beautiful trees and landscaped gardens creates a very natural and family orientated region of Cape Town. In addition, the good schools, vast array of sporting clubs as well as recognised restaurants makes it a wonderful area that doesn’t require you to go very far to build a lifestyle.
Edgemead is also close to major amenities and only a stone’s throw from the City Bowl, beautiful beaches and other tourist attractions. Making it one of Cape Town’s most centrally located suburbs.
Property prices range from about R900 000 for apartments to well around R1,8m -R2.6m for a free standing home and then larger properties to well over R3million and above. This goes to show the wide variety of properties available for anyone in Edgemead. On the rental side of things, Edgemead has maintained return for investors as rental demand continues to be strong.
Edgemead gives you a tranquil and relaxed feel, almost like an oasis in its surroundings. Combining this incredible feeling of peace and tranquillity with the all the above mentioned it is no wonder the region hs such high demand. We predict that Edgemead will continue to go from strength to strength and that it will hold its status as one of Cape Town’s most attractive lifestyle orientated regions.