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Why property investment is thriving in the Western Cape
March 24, 2025
|Cape Argus
THE Western Cape continues to lead a growing trend in South Africa's Property market, with investment buyers significantly boosting demand in the region.
According to the latest data from Ooba, “34% of all bond applications received in the Western Cape during the fourth quarter of 2024 were for investment properties. This represents a significant increase from 29% in the same period the previous year”
The increase in investment properties in the Western Cape aligns with national trends, indicating that real estate has become the “second most popular asset class in South Africa?
The South African Investor and Banking Report also revealed that “national demand for investment or buy-to-rent properties reached 13.9% of total applications in the fourth quarter of 2024, up from 11.8% in the same period in 2023”
هذه القصة من طبعة March 24, 2025 من Cape Argus.
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