The Cost of Living in Cape Town! What is the TRUTH of the Matter?
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- čas přidán 1. 12. 2022
- Cape Town is often seen as a premier destination in South Africa, it's a must visit! But this means, if you're vacationing, you're usually doing things that are more expensive than what a local like me might be doing.
I often get asked by people thinking of relocating here what it costs to live in Cape Town or what the price of homes are in Cape Town. Basically, people want to know if life in Cape Town is expensive.
With this video I break down the TRUTH about the REAL cost of living in Cape Town, South Africa and answer the questions, "Is Cape Town expensive?" and "How do prices in Cape Town compare to other places?"
More content is on the way giving you an exciting look at life in Cape Town, South Africa and keeping you updated on the property market here.
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As a real estate agent in Cape Town, I've been speaking to more and more people thinking of buying a house in Cape Town who have moved from elsewhere in South Africa (or the world) and are preparing for life in Cape Town.
If you're thinking of buying or selling a house, I'd love to help! Reach out to me on:
☎️ Call: +27 87 820 0308
📲 WhatsApp: wa.me/message/C62PV7PNNC3MB1
📧 Email: sean.mcfarlane@kwsa.co.za
Or check out my website to see what homes in Cape Town and the rest of South Africa look like: mcfarlaneproperties.kwsa.co.za/
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You are a genius. Talking more then 7 minutes about costs without saying any single price/number/figure. Respect!!!! 😀
This makes sense why CT is more expensive, smallest land area but more ppl compared all the other cities except JHB.
The housing in Cape Town is extremely expensive. A two-bed-roomed house with 1 bathroom, tiny kitchen and small lounge costs anything from R1,5m in the Northern suburbs, if you are lucky
You’re not wrong. Have family in Joberg and chalk and cheese with what you get here versus there.
However, there are still areas that are more affordable.
Shoot me a WhatsApp message using this link if you’re looking to buy and we can chat about how I can help:
wa.me/message/C62PV7PNNC3MB1
@@seanmcproperty like these brand new developments with their tiny rooms one can barely turn around in?
It's amazing to me to read that R1,5m for a two bedroom is considered expensive in a major city.. There are plenty of cities worldwide that this same house would be north of 5 million rand.
@Comrade, a repayment on a R1.5m bond is about R15 000 per month. That is almost half the income of an average family, not counting rates and property taxes and utilities like water and electricity. If homes in cities in South Africa would cost R5m, our cities would be empty.
@@HeleenHenstock Agreed, SA doesn't have the middle class to support such expensive housing.
You need to add figures, numbers, and examples to compare. Not everyone here can gauge if you compare it to somewhere else in SA
Thanks for the feedback - will look at how I can do this in future.
Thanks a lot you doing great job there few people doing what you 🙏🏾
Thanks so much! I appreciate it 🙌
I am a US Citizens looking to relocate to SA!! These are the major metropolitan areas in South Africa I’ve been researching:
1. Johannesburg Metropolitan Area
2. Cape Town Metropolitan Area
3. Durban Metropolitan Area
4. Pretoria Metropolitan Area
5. Port Elizabeth Metropolitan Area
6. Bloemfontein Metropolitan Area
7. East London Metropolitan Area
8. Polokwane Metropolitan Area
9. Nelspruit Metropolitan Area
10. Rustenburg Metropolitan Area
I think I’ll love it in SA…
How's the research going?
I grew up in East London - a beautiful part of SA!
@@seanmcproperty My friends and I are currently planning to visit there early 2025!! We will then take it from there.
Thanks for the info Sean. Could I perhaps ask where you got your info for the salary data you quoted. I know its 10 months later. We are moving in Dec and would like to be able to negotiate a good package.
Phew, I'll have to go back and take a look at this. Drop me an email at sean.mcfarlane@kwsa.co.za and I'll send the detail on once I've found it.
Wonder why rates and taxes are cheaper in Cape Town vs JHB, Dbn, PTA.
I would suspect that this has come about over years of more efficient delivery and better management of projects to budget and completion than those cities. There is probably a compounding effect here.
I just came across your account today after doing my research on real estate investing & future of real estate in capetown how can someone get in touch with you 🙏🏾🙏🏾🙏🏾
Drop me an email at sean.mcfarlane@kwsa.co.za
As great as CapeTown is, Durban is just so much better ....
cheaper, better weather, friendlier people, less racism😉
Will have to make a trip over to Durban soon then!
Lol...see you soon @@seanmcproperty
😂 food is expensive in cape Town. Maybe its lower. for you but the real work force of cape town won't agree with you. Joburg is the cheapest more deal more options
You aren't really going straight to the point and beating around the bush way too much.
Thanks for the feedback!
What you see on the screen is me and my perspective. Trying to give a deep dive and that’s probably not going to suit everyone. I’m comfortable with that!
I’m sure there are other channels that will give you what you’re looking for.
I appreciate the visit and comment!
may I have estimated price for 1 bd 1bth condo in Cape Town to buy , thank you :)
Difficult one to answer. Very much depends on where and what it is. But I think we’ve been in touch and covered this. Contact details in video description if you need more info.