Hout Bay ‘a hotspot for property investment in South Africa’

Many property investors are interested in owning an apartment or house in Hout Bay, just outside Cape Town, it has been revealed.

Co-founder of Spacesa Sue McDermott explained that the beach-front area is particularly popular due to the wide range of different homes for sale here.

She noted that it offers "a lot more value" due to its location near Camps Bay, which is not as favoured by investors due to the higher house prices and windy conditions it often experiences.

"If people just want to dip their toe in the water with an apartment and spend less money, there is a place called Sea Point which is a bit nearer the town," Ms McDermott added.

Source: PropertyShowrooms.com