Semigrating to Cape Town? Get to know the schools before you choose your location.
Category News
As the saying goes, "Education is the passport to the future." And for many families considering a move to Cape Town, access to quality education is a top priority. The fact of the matter is demand for properties in top school catchment areas has a significant impact on the real estate market.
In this article, we'll explore how access to good educational facilities and top schooling influences the Cape Town property market and whether investing in a property for educational purposes is a smart choice.
Education and Real Estate
As it stands, the quality of education in any given suburb has a direct impact on the value of properties within that area. Research in developed countries shows that homes located in the best school districts sell for more than similar homes outside of these zones.
As such, it goes without saying that areas near top-performing schools are highly desirable to families and therefore have a higher demand for property within those zones. This high demand drives up the value of the properties in the area, making for a more competitive market and pushing the snowball in terms of value.
Cape Town's most sought-after suburbs for education reasons
Cape Town has several top-performing schools, and as such, certain suburbs are simply a cut above the rest for families looking to settle in the area. Some of the most sought-after suburbs include Rondebosch, Newlands, Claremont, most of the Atlantic Seaboard, and Constantia. These suburbs boast a wide range of reputable schools, both private and public, making them a top choice for families with school-aged children.
For reference, these schools are considered some of the best in South Africa
- Herschel Girls School
- Rondebosch Boys High School
- Bishops Diocesan College
- Diocesan School for Girls
- Westerford High School
- SACS High School
- American International School
Real Estate market trends and predictions
The Cape Town real estate market has seen significant growth in recent years, and the demand for properties near top-performing schools has played a major role in this growth. According to industry experts, this trend will continue in the coming years.
With Cape Town's reputation as a world-class city, it's no surprise that more and more families are choosing to settle in the area. This influx of new residents, combined with the already high demand for properties near top schools, is expected to drive up property values even further.
Of course, semigration has only exacerbated this trend, as beyond Cape Town's unique combination of natural beauty, vibrant culture, and a thriving economy that continues to attract people from all over the world, South Africans, by in large, are now freer to the pick and choose their home destination thanks to the rise of work-from-home capabilities.
Pros and Cons of investing in property for education purposes
Investing in a property for educational purposes can be a smart choice for families looking to secure a future for their children. Not only will they have access to top-performing schools, but they will also benefit from living in a desirable area with high property values. Return on investment is possibly a guarantee once the kids move on and parents decide on downscaling in their later lives.
However, it's essential to consider the potential downsides as well. For example, properties in top school catchment areas are often more expensive than similar properties in other areas. Additionally, the competition for these properties can be fierce, which could make it difficult to secure a property in your desired location at a reasonable price. Oftentimes, you may find yourself paying a premium rate, and it may not always be the case that that value is retained over a long period.
If you're considering a move to Cape Town, it's essential to research the schools in the area and how they are ranked before making a purchase. Investing in a property for educational purposes can be a smart choice, but it's important to weigh the pros and cons before deciding. With the right research and preparation, you can find the perfect property in a top school catchment area and secure a bright future for your family.
Whether you're looking to buy your dream home, sell your property for the best price, or build a successful real estate career, remember to keep these tips in mind as you move forward.
Here's to another twenty years of delivering our promise of The Boutique Experience.
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Author: Bryce Anderson
