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Good transport links bolster property values

Private Property South Africa
Press |
Good transport links bolster property values

Properties near good transport links have shown stronger growth than those that aren’t, according to Laurie Wener, managing director, Pam Golding Properties Western Cape.

Over the last six years the City of Cape Town has invested significantly in public transport, a big bolster to the city’s real estate market. By September 2015, the MyCiTi Bus service had 31 routes covering about 1,27 million km each month. There were 36 stations, more than 500 bus stops and more than 215 buses in the peak-hour periods, transporting 47,909 passengers each weekday. “Given the increasing numbers of vehicles on the road, rising fuel prices and people’s expectations of convenience, the more varied transport options you have, the more capital gain you can expect,” says Wener.

This article originally appeared in Neighbourhood, Sunday Times.

Explore neighbourhoods mentioned in this article

Cape Town City Bowl
Hip and Happening Hotspot
Living in the CBD of Cape Town is unlike any other city centre. Table Mountain, Lions Head and Signal Hill cradle the City Centre, with mountain hikes and forests in easy access and it is within minutes’ drive to some of the world’s best beaches. Depending on which area in the city you live, the housing arrangements can vary from large leafy houses in Oranjezicht, to small studio apartments in the City Centre. Living in the CBD of Cape Town gives the best of both worlds as you're in close proximity to all amenities, as well as have nature on your doorstep.

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