"In spite of the rapid growth in the property market over the last 5 years, 2010 will undoubtedly provide a further boost to housing prices and the demand for rentals in the local market. Cities who have previously hosted major sporting events such as the Olympics have experienced a significant rise in residential property values in the run up to the Games.  For instance when Barcelona hosted the Olympics the residential property prices outperformed the national average by 13% in the five years leading up to the games.  "Although property prices in Cape Town are already at a premium this is a good time to buy, whether as an investment (rental) or to live in.  With the recent rates hikes and the introduction of the National Credit Act the housing market has cooled and prices have stabilised.  And, as a result we have seen a dramatic increase in the demand for rentals and in some areas such as in Table View, demand is outstripping availability. "Table View offers investors some fantastic opportunities; the rental market is strong with both holiday and residential rentals in great demand and this should increase in the run-up to 2010.  The area offers access to some of the most beautiful beaches in the Cape, world-class restaurants and shopping facilities as well as being a mecca for Kite surfing and many other water-based sports.  Table View is approximately 15 minutes outside Cape Town with excellent roads leading into the City with easy access to the 2010 stadium in Sea Point" says Team HJ (Herman Louw & Justin Goodman) of Re/Max Property Associates in Table View.     

Contact Details:Karin Parsons on 021 686 1293 or 082 465 7755Issued by The Parsons Project; 27 Hornsey Road, Mowbray, 7700Issued on behalf of Team Herman & Justin (HJ);  Re/Max Property Associates, Blouberg Road, Table Viewhttp://www.remaxpropertyassociates.co.za