 Search for a home on any device, anytime, anywhere. Private Property, a home for everyone. A warm welcome back to Winter Home on Afternoon Express on this Friday afternoon. Now Private Property has treated us to some really fantastic property advice on Afternoon Express over this fourth season of Winter Home and today is no exception. The rest in Cape has some of the most beautiful scenery in the world and property in the province is incredibly popular. Today we have David Brits joining us in the loft who is going to chat to us a little bit more about the property and estate market in the western Cape. Welcome to the loft, David. Thank you, Dan. So let's quickly understand where the property market is in the western Cape. I've had the privilege of living there and property is so expensive. Is it still profitable? Is it still an investment? Where are we at? Yes, then definitely Cape Town is obviously one of the most expensive metropoles in South Africa. Later stats show that property in Cape Town is on average 400,000 rand more expensive than any other metropole at the moment. So measuring at the price of 1.4 million rand for average house. There is a difference of 400,000 rand between Cape Town and any other... And the next competitor. It's a very popular area, clearly. So what does that mean for the property market? Is it a good investment? Bad investment? Definitely. If you look at the later stats on FMB, they show over the last five years Cape Town property grow by 53.7% over the last five years. And the closest metropolis was Lunatal with 30.2%. So just under 20% higher growth in the next metropole. Nothing only come in fourth place on 24.7%. So that gives you a good indication where Cape Town is at the moment versus the other metropoles. Obviously there's a huge demand because it's a small surface area and one of the most beautiful places in the world. And it's not like Cape Town can go anywhere because either you've grown to the sea or you've grown to Table Mountain. I was driving through Camps Bay and you mentioned how dense the area is. There was a piece of land that was not even bigger than a hectare or 10 hectares or something. So it was going for a billion South African rand from the city of Cape Town. Yeah, actually five hectares. The city of Cape Town sold for a billion rand. It was recently in an article. So space is important I think for people. And that's maybe why people are starting to look at properties that are expanding outside of just the Cape Town and sort of city bowl area. Definitely. If you look at the northern suburbs, especially if you look at Val de Vie. I think Val de Vie in my opinion is one of the best states in South Africa. You get Anaclada Fountain recently launched by Rabi. Also a very, very nice estate. And then you get your middle class, I would say middle upmarket class. It's states like the Satari country state on your way to Somerset West. Acon Creek for instance, recently launched by MSP. And then you get your estate that you cater for your first-time home buyers as well as your young and upcoming professionals. But there you will look at your Burgundy estate for instance. I think Burgundy estate was launched in 2006. And then estate launched to the words the end of 2010. Obviously that is also doing very well. It's also very, very attractive to investors. Alright, because of your ROI return on investment you get there. I can't tell you the type of growth they will get there. The demand for rent dates. So if you're serious about looking at the property market and particularly in the western Cape, you should be serious about looking into a state. And a lot of them are moving towards the Cape, Weinlands areas. First of all because they're just incredibly stunning. People are realising I'd rather drive a little bit further into work in town if I need to, as long as I can come home to a beautiful view in the afternoon and the evening to enjoy that lifestyle. How definitely are. I think the people have a new trend in the lifestyle of the state. It's that typical work lift plate type of thing. After the lifestyle. But I think the biggest driver behind all these states is security. Alright, we all know we're in South Africa. So security is key for you and your family. As you drive further afield, I mean you get to the beautiful garden roots. Nice. Muscle Bay. And everyone seems to be buying into that relaxed lifestyle out there. Yeah, and I think Muscle Bay and George has always been a very popular holiday destination, especially for the Fahleys or the people up north. So yeah, they like to invest in the states like Fancourt. Fancourt recently came second in the top 10 golf, golf estate competition in South Africa. Followed by Pinnacle Point that came in at 5th prize. And then you get the Pazulas. Alright, some Molas there. Yes, there's a couple of nicer states in that area. And definitely very, very high in the Mount area. It's George, and obviously nice now. So the Western Cape property market is doing well. Put your money into it, but put it into the states because that's going to continue to expand and grow. Definitely. David, thank you. Thank you. Well there you have it, the lowdown on what's happening in the property market in the Western Cape. Now don't forget to enter the Winner Home Grand Prize Competition on private property to stand a chance to win your choice of the three multi-million-rand homes as completed by our design duos. On the Eye of Africa is state in Johannesburg. Now this weekend is your last chance to enter as the competition closes at midnight, this coming Sunday, the 29th of October. So don't wait another minute. Log on to privateproperty.co.za. Answer an easy question and then vote for your favorite design duo. It's as easy as that. And you could be the lucky viewer of their own dream home. Now coming up after the break, the judges take a look around those lounges and make their final verdict.