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Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
Visitors are paying premium rental prices to enjoy the pristine beaches and cosmopolitan lifestyle the Mother City has to offer, says Pam Golding Properties, with homes along the popular Atlantic Seaboard fetching daily rentals of around R30 000.
According to The State of Cape Town Central City Report, recently released by the Cape Town Central City Improvement District (CCID), the 1.6km² Cape Town CBD is home to 12 museums, three libraries, 209 eateries, 96 medical practices as well as 69 bars and clubs.
Lofty, proud and soaring, the first skyscraper buildings in Cape Town were built more than 40 years ago.
Despite economic pressure, property development in the Mother City shows no signs of slowing down, with various commercial and residential property developments planned, including two R1.5 billion developments.
Bree Street will soon be home to the tallest residential development in Cape Town’s central city - the eponymous ‘16 on Bree’. Pam Golding Properties is marketing the luxury lifestyle development that will offer residents an exclusive, urban experience in the heart of the Mother City.