Retirement buyers lead the way in Knysna

Although most areas throughout the country are seeing buyers between the ages of 31 and 45 years old dominating the property market, it is the retirement buyers that are leading the way in the Knysna, says Chris van der Merwe, Broker/Owner of RE/MAX Lakes and Eden, which services Knysna and the surrounding areas.

Located in the Pezula Private Estate, this home offers secure estate living that provides an exclusive lifestyle element.

“We have seen a resurgence of buyers in our market who are purchasing property in which to retire. The average age of the buyers we are seeing purchasing property in the Knysna area is between 45 and 55 years old. Around 30% of the buyers in the area are young professionals, approximately 10% are investment buyers and the remaining 60% are buyers purchasing property for retirement purposes,” says Van der Merwe.

He notes that the young executive buyers are predominantly interested in purchasing freehold homes in good areas, while investment buyers are opting for apartments within the central business district and secure estates. Van der Merwe says that security is also a top priority for the retirement buyers, with most choosing properties that offer both lifestyle benefits and security features.

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that buying for security purposes is not unique to retirement buyers. In fact, he notes that security has become one of the leading determining factors that are driving consumer home-buying decisions.

Knysna caters to a diverse range of property buyers with unique needs. More than 27% of the area consists of estate properties, and therefore offers buyers several options in terms of the security estates available in the area.  “There is marina living in Thesen Islands and Knysna Quays, as well as golf estate living in Pezula Golf Estate, Pezula Private Estate and Simola Golf Estate - all of which are exceptional options for buyers looking for secure estate living that provides an exclusive lifestyle element,” says Van der Merwe. “Buyers in Knysna are eager to purchase property in estates and these kinds of properties are always in strong demand. For this reason they are also generally excellent investment options and homeowners often see good returns over the long term.”

He notes that the area also offers beautiful holiday homes with sea views in Brenton on Sea and beach homes in Buffels Bay. Buyers wanting to purchase smallholdings will be able to find these kinds of homes in Rheenendal and Bibby’s Hoek.
According to Van der Merwe, a great number of the buyers who are purchasing property in Knysna choose the area because of both the quality of life it offers and the secure environment. “Many of the buyers come here to escape the hustle and bustle of big city living and want a complete change of pace.  Knysna is ideally positioned with all amenities for medical and shopping purposes easily accessible. The area’s relatively well-priced properties and laid-back feel have made it a sought-after residential hub with buyers of all ages. There are no industries and the area is very safe. There are also a number of activities and features for residents to enjoy such as unspoiled beaches, lakes and recreational sports.  It is a paradise for people who want to get out of the fast-paced metropolitan city life and enjoy a more sedate lifestyle where quality is more important than quantity,” Van der Merwe concludes.

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