I wouldnt buy in Hout Bay even with a new 'waterfront'...although i havent heard anything about this development.
Hout Bay is a perfect example of the ANC's policy of cramming potential voters into areas that they wish to control. This has resulted in serious social economics problems and the resultant effect on property prices in the area.
The ANC will step up its efforts to cram more potential voters, originating from the Eastern Cape, into the Western Cape...thats a certainty.
In the Hout Bay area, its a matter of time before the rezone currently government owned land into residential.
Do a search in the Hout Bay valley and you'll be shocked how much land is owned by the national government through the public works department and not by the DA controlled Cape town city council.
Look at Constantia Valley where there are three huge pieces of land earmarked for low income housing nestled in between multi million properties.
If you are going to buy property now make sure you dont have plenty of open land in your neighbourhood because its in danger of being rezoned low income housing.
On the other hand, in Cape Town, its a given that new laws will be passed which will permit a huge increase in density llowing formally single residential to be zoned into high apartments.
5 comments:
Hss anyone heard of a "waterfront" like the one in Cape Town being built soon in HoutBay?
I wouldnt buy in Hout Bay even with a new 'waterfront'...although i havent heard anything about this development.
Hout Bay is a perfect example of the ANC's policy of cramming potential voters into areas that they wish to control. This has resulted in serious social economics problems and the resultant effect on property prices in the area.
that is in the past as you cannot cram anymore in.
Hangberg...the last affordable property in cape town with a sea view. pity about the council flats and the unemployment, drugs and crime problems.
The ANC will step up its efforts to cram more potential voters, originating from the Eastern Cape, into the Western Cape...thats a certainty.
In the Hout Bay area, its a matter of time before the rezone currently government owned land into residential.
Do a search in the Hout Bay valley and you'll be shocked how much land is owned by the national government through the public works department and not by the DA controlled Cape town city council.
Look at Constantia Valley where there are three huge pieces of land earmarked for low income housing nestled in between multi million properties.
If you are going to buy property now make sure you dont have plenty of open land in your neighbourhood because its in danger of being rezoned low income housing.
On the other hand, in Cape Town, its a given that new laws will be passed which will permit a huge increase in density llowing formally single residential to be zoned into high apartments.
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