The Cape is some distance from the UK, and flights are commensurately more expensive (although cheaper per hour of travel). If you're thinking about a traditional vacation destination such as Spain, you might think that the Cape ruled itself out for that reason.
But quite apart from the exceptional natural scenery and wonderful properties to be found in the Cape, there is also superb value for money.
The following is one way of looking at the cost of a property investment in the Western Cape compared with Spain, on a roughly like-for-like basis.
golf-side villa, price £150,000*
cost over 5 years - £30,000 p.a
golf-side villa, price £500,000*
cost over 5 years - £100,000 p.a
Annual cost - £37,000 p.a
Annual cost - £109,400 p.a
over 5 years, at 20% p.a
- £40,000 p.a
over 5 years, at 10% p.a
- £60,000 p.a
above and below these figures, which are comparable.
www.frog-property.net