International Property & Travel Volume 27 Number 4

Page 114

south afca

industries in terms of education and property development has created many job opportunities and a generation of emerging entrepreneurs. A comparable seaside lifestyle in most European and North American states would cost multiples of the cost here in Cape Town. South Africa is also a leader in ‘green’ building and seen as a gateway to the rest of Africa among the business sector.” Foreign buyers purchasing in South Africa enjoy a double financial benefit, the first of which is the low Rand exchange rate against pounds, dollars or euros, and the other, the fact that luxury property is seriously inexpensive in international terms. In addition, Rory O’Hagan says, “Owning luxury property in South Africa offers many lifestyle benefits, including fine, warm weather for most of the year and opportunities for a huge range of outdoor activities from game watching and golf to sailing, deep-sea fishing, polo, glamping, 4x4 adventuring and mountaineering, all within easy reach of one’s home.” Many of the top lifestyle estates also have their own security, clubhouses with restaurants, office suites and sports facilities, as well as worldclass wellness centres and spas. Rory believes that the future of the South African luxury market is very positive, and Dr Andrew Golding agrees: “The luxury market (and the residential property market in general) in South Africa is currently at its most competitive pricing in over a decade, so it is an excellent time to secure a well-priced property in international terms. I think the luxury property market is going to see a lot more buyers considering these types of homes as quality of life and affordability take precedent when buyers are considering their next residential purchase.”

Effortless degn Modern, yet elegant with hints of Art-deco architecture, this is surely one of Sandton’s finest homes. Constructed on 2 levels the upper floor is reached by twin staircases which make a statement of their own upon arrival. The ground floor hosts the reception

massive patio caters for grande scale entertaining. The first floor holds

rooms which include a separate family

four-bedroom suites including a magnificent master suite with lounge,

room with cocktail bar, gourmet designer

study, his and hers dressing rooms and full gym with sauna.

kitchen with full dining area and stacking

Price on application

doors to the garden, gentleman’s study and

Lew Geffen | Sotheby’s International Realty

completely separate guest suite, whilst the

Berdine Smyth, e: berdine@sothebysrealty.co.za

The Art of Living well Nestled into the slopes of Lion’s Head, on one of the highest roads in Bantry Bay, lies this multi-storey, much sought after north-facing residence, designed by world-renowned architect Stefan Antoni and carefully curated by Cécile & Boyd interiors. The property boasts a double height glass atrium, a kitchen with a freestanding island and wrap-around drawers, a lounge area with gas fireplace and bar with a seating area and integrated appliances. The entire living area spills out onto an expansive terrace with magnetic panoramic views of sea and shoreline across the vast Atlantic. There is a 10m lap pool, lounge area covered with a wooden pergola and dining area overlooking the ocean. RE/MAX Living | £2.8m / €3.1m / $3.6m

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