In the current economic framework of the country and the effects of the pandemic on the economy, real estate in Cape Town's Northern Suburbs continue to bolster the overall Western Cape property market. We are seeing increased activity in certain regions of the Northern Suburbs and since Alert Level 3 was instituted the interest in real estate in this region has continued to go from strength to strength.
"The Northern Suburbs of Cape Town, especially known high return on investment (ROI) areas such as Protea Valley, Welgedacht, Oude Westhof and Van Riebeeckshof, remain fantastic value investment regions. At the current interest rate, which is at a 40 year low, buyers and investors have an incredible opportunity," explained Estee Louw, Harcourts Dunn property specialist in this area.
Although much of what we're used to still has not returned to circumstances and activity prior to the pandemic the rise in demand showcases the trust people have in property. "The great schools, sense of community, tree-lined suburban roads, and wide variety of property options are only a few of the reasons the Northern Suburbs will continue to be a property buyers hotspot," added Louw.
The new normal has made traditional real estate practices difficult to implement but Harcourts is committed to developing and innovating to ensure our clients receive the high level of service they have become accustomed to. "We've been training and informing our agents on the importance of evolving rapidly and to include all the latest Harcourts products and services to their arsenal. This has undoubtedly made a positive impact on our ability to assist the rise in demand despite the obvious hurdles," said Denis Dunn, Harcourts Dunn Business Owner.
"At Harcourts, we've been determined to make the necessary changes and because we've always been dedicated to technology the buyer and sellers journey can now safely be completed online. From initial viewings to using digital signatures for any official documents - facilitating a seamless, contactless, and paperless transaction. Although technology is an important business imperative, standout client experience is only created when it is combined with a personalised service that companies like Harcourts have always been focused on providing," concluded Richard Gray, Harcourts South Africa CEO.
Harcourts South Africa CEO