New property hotspot for Cape Town – this is what you can buy

 ·23 Mar 2024

Cape Town’s Northern Suburbs of Bellville and Parow are becoming increasingly popular with homebuyers.

“Residents are attracted to the area for its well-established infrastructure, access to quality education, and a mix of residential and commercial amenities. Both suburbs boast a safe, family-friendly environment, which appeals to those seeking a balanced lifestyle,” said Mariël Burger from Pam Golding Properties.

Buyers in Bellville are slightly younger, and the average freehold and sectional title selling prices are slightly higher than in Parow.

Data from Lightstone showed that freehold homes in both suburbs have seen price growth of roughly 80% from 2014 to 2023.

Boston, Oakdalge and Heemstede in Bellville and De Tijger in Parow are particularly popular with buyers.

Due to the easily accessible road system, several businesses and large corporations have also established bases in the suburbs, boosting the local economy.

“The corporate presence in the area creates employment opportunities, attracting a diverse workforce. This economic stability enhances the real estate market, as most people prefer living close to their workplaces,” said Burger.

“The ongoing multimillion-dollar project at Tygerberg Hospital – Stellenbosch University’s medical campus – will have a significant impact on the region’s healthcare landscape.”

“The modernisation and expansion aims to attract skilled healthcare professionals, potentially influencing the demand for nearby residential properties.”

In addition to Tygerberg Hospital, the closeness of other medical facilities, such as Karl Bremer Hospital, Mediclinic Louis Leipoldt, Melomed Bellville, and Panorama Mediclinic, will attract many medical students and professionals to the area.

The planned redevelopment and expansion of the nearby Cape Winelands Airport is also predicted to bring additional economic growth to the suburbs.

Properties in Belville and Parow at various price points can be found below:

  • 4 Bedroom House in Oude Westhof, Bellville
  • Price: R37,000,000

  • 3 Bedroom House in Plattekloof, Parow
  • Price: R3,695,000

  • 2 Bedroom Apartment in Tyger Waterfront, Belville
  • Price: R1,550,000

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