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Real Estate in Somerset West, South Africa | Expat Exchange
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Real Estate in Somerset West, South Africa

By Betsy Burlingame

Last updated on May 17, 2024

Summary: People living in Somerset West, South Africa offer advice about real estate. How do you find a home in Somerset West? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Somerset West?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Somerset West involves several steps. First, you need to determine your budget. This will help you narrow down your options and make your search more efficient. Next, you should decide on the type of accommodation you want. Somerset West offers a variety of options, including apartments, houses, and townhouses. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms that list properties for rent or sale in Somerset West. These include Property24, Private Property, and Gumtree. On these platforms, you can filter your search based on your preferences, such as the number of bedrooms, bathrooms, and other amenities. You can also sort the listings by price to find options within your budget. In addition to online platforms, you can also contact real estate agents in Somerset West. They can provide you with listings that match your criteria and arrange viewings for you. When you find a property you're interested in, make sure to visit it in person. This will allow you to assess its condition and see if it meets your needs. Finally, once you've found a place you like, you'll need to negotiate the terms of the lease or purchase agreement. Make sure to read the contract carefully before signing it. Remember, finding a place to live can take time, so be patient and persistent in your search," said one person in Somerset West.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Somerset West?

"A typical expat home or apartment in Somerset West, is often located in a secure complex or gated community, offering a high level of security and peace of mind. These homes are usually modern and spacious, with open-plan living areas, fully equipped kitchens, and multiple bedrooms and bathrooms. Many homes also feature private outdoor spaces such as gardens, patios, or balconies, offering stunning views of the surrounding mountains and vineyards. The interiors are often tastefully decorated, with a blend of contemporary and traditional African design elements. Amenities such as air conditioning, high-speed internet, and satellite TV are usually standard. Some homes may also have additional luxury features like swimming pools, barbecue areas, or home gyms. The location of these homes is also a key factor, with many being close to local amenities such as shops, restaurants, and schools. They are often situated in quiet, leafy neighborhoods, offering a tranquil living environment while still being conveniently close to the vibrant city life. In terms of community, these residential areas often have a friendly and welcoming atmosphere, with a mix of locals and expats from around the world. Many complexes also offer communal facilities such as playgrounds, tennis courts, or clubhouses, fostering a sense of community among residents. Overall, a typical expat home in Somerset West offers a comfortable and secure living environment, with a high standard of living and a strong sense of community," said one expat in Somerset West.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

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What is the average cost of housing in Somerset West?

If you are thinking about moving to Somerset West, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Somerset West can vary greatly depending on the type and size of the property. For instance, a standard three-bedroom house in a decent neighborhood may cost around the mid to high seven-figure mark in South African Rand. Luxury homes and properties in more affluent areas can cost significantly more, often reaching into the tens of millions. On the other hand, smaller apartments or townhouses may be more affordable, typically priced in the low to mid seven-figure range. It's important to note that these are average prices and actual costs can fluctuate based on various factors such as location, property condition, market trends, and more," said one person in Somerset West.

Should I buy or rent a home in Somerset West?

If you have not spent a lot of time in Somerset West, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Somerset West, largely depends on your personal circumstances, financial situation, and long-term plans. If you're planning to stay in the area for a long time, buying a home could be a good investment. Somerset West is known for its scenic beauty and high-quality lifestyle, which could lead to property appreciation over time. On the other hand, if you're not sure about your long-term plans or if you prefer flexibility, renting might be a better option. Renting allows you to move easily if your circumstances change, and it also frees you from the responsibilities of home maintenance and property taxes. Financially, buying a home requires a significant upfront cost and ongoing expenses like mortgage payments, insurance, and maintenance. However, it also offers the potential for return on investment through property appreciation. Renting, while typically cheaper in the short term, does not offer this potential return. It's also worth considering the current property market in Somerset West. If it's a buyer's market with plenty of homes for sale at reasonable prices, it might be a good time to buy. If it's a seller's market with high property prices, renting might be more cost-effective until the market cools down. In conclusion, the decision to buy or rent a home in Somerset West should be based on your personal and financial circumstances, as well as the current state of the property market. It's always a good idea to seek advice from a real estate professional or financial advisor before making such a significant decision," said one person in Somerset West.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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