Kimberley is the capital city of the Northern Cape Province. It has a rich history which was firmly established in this mining town during 1866.
From 1866 the town has expanded to cater for mining and subsidiary industries like engineering and tourism. There are currently more than 30 suburbs of Kimberley which means the entire income spectrum will be catered for in property values.
The demand for property in the town and suburbs is driven by mostly mining in neighboring regions and agriculture.
Located on a main arterial route between Johannesburg and Bloemfontein means road and rail freight are another subsidiary industry to the town and region.
As mentioned the town and its many suburbs cater for the larger market with architecture ranging from pre-colonial to modern architecture which can also be viewed as a factor in both demand and driving property values.
The town has an airport linking the town conveniently to major towns like Johannesburg or Cape Town for more convenience.
Being a large well-established town means most suburbs have schools and retail outlets close by for more convenience.
Property investment prospects have increased with the construction of the Sol Plaatje University in 2014 which means student accommodation will be up for grabs in the form of townhouse complexes close to the university. This construction has also added value to the surrounding property values.
There are a few exclusive estates in the town which cater for the more well-endowed property investors.
Here is a short list of some of the suburb of Kimberley; Albertynshof, Ashburnham, Carters Glen and Heuwelsig to name but a few.
Just to put the size of Kimberley and suburbs into context there are currently 225,160 people residing with the urban areas. This number includes the informal settlements around the suburbs and industrial areas.
If you are in the mining, agricultural, retail or tourism industries then Kimberley will be the right place to invest into.