As the 2010 FIFA World Cup™ approaches, there’s a growing sense of anticipation in Cape Town – an almost tangible excitement as the city and the people who call it home prepare to welcome the world to its beautiful shores
Many tour operators have reported a surge in bookings since the draw took place two weeks ago and, in fact, real estate transactions in South Africa have gone up 40 percent in the past two months alone, according to Property Abroad magazine. Earlier this month, South Africa was also in the media spotlight for making Home Overseas’ top ten investment properties for 2010.
Increased booking enquiries in have indicated that Cape Town is already benefiting from accommodation shortages in smaller host cities and that we are in the best position to attract the majority of the expected 450 000 visitors. This also means that Cape Town is also best placed to take advantage of so-called ‘last-minute travelers’ who fly in for a single game and return home within a few days.
All in all, the World Cup bodes very well indeed for Cape Town and, in particular, the property market.
