It seems Green Point residents are in for a surprise.According to a spokesperson for Anne Porter Knight Frank (APKF) property values in the area surrounding the new stadium have held up well and some have even seen an increase in value in the current market.
While most areas have seen a decline in value this area seems to be doing well, even after many residents in the area protested the construction of the stadium.Many are hoping that because of the Soccer World Cup in 2010 we will see a renewed interest in the areas surrounding the stadium by foreign and local tourists.
Cape Town is one of the most cosmopolitan cities in the country with a wonderful atmosphere and vibrant people.Visitors love Cape Town for many reasons and there are definitely things to experience there that no where else can offer you.Hopefully this event and others like it will serve as a platform to present South Africa to the world as a great place for travel and investment.
If it does happen the property and real estate industry will see a rejuvenation in Green Point,Mouille Point and surrounds.Many renovations of old buildings are happening and this will also serve to revive the areas architecture.
Hopefully all goes well and we can invite the visitors in with open arms.It seems it can benefit our property market when we are hospitable.
