subject: Camps Bay development [print this page] The magnificent Camps Bay villas and the high property value that the suburb is known for, were not always the case, it has not always been the best area in which to rent property.
After the Anglo Boer War, refugees from the Traansvaal congregated to the peaceful Cape Town. Many buildings were erected and land was bought, but the refugees soon returned to Traansvaal when the war ended and rather than the expected property boom, the market suffered. By the late 1920's few houses had been sold in Camps Bayand the syndicate involved in planning the suburb had gone insolvent.
It took the insight of Isidore Cohen to realize that the city, hemmed in by mountains and sea had to develop outwards, especially along the Atlantic Seaboard. At this time Camps Baywas little more than a sandy waste, covered by some bush and unprotected from the harsh south-easterly and north-westerly winds. Despite this issue, its position beneath the majestic Twelve Apostle Mountain range made it one of the loveliest spots in Cape Town.
Roads were soon laid down in the area and everything possible was done to encourage people to buy property in this suburb, including the building of the house, water and electricity for the owner. Also, the usual large deposit when buying a house was done away with and instead a monthly sum of less then the rental equivalent was paid on a monthly basis, over a period of a mere 10-15 years. It soon became the place to buy or build a Camps Bay house.
In later years the ratepayers organized that no Camps Bay houses would be built over three stories, thus maintaining the seafront views and therefore the property value of the many beautiful Camps Bay luxury villas that the suburb is known for.
Camps Bay development
By: Carlynne
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