Mossel Bay property market on the ‘up-and-up’

The bustling coastal town of Mossel Bay is currently welcoming at least 30 new families to its environs every month, leading estate agents to predict that the population will double within the next few years and further increase the demand for homes that suit both the needs and the pockets of permanent residents.

The Mossel Bay Golf Estate offers sectional title townhouses at prices from R2m to R3m and large executive homes at R4m to R6m.

“Mossel Bay’s population growth continually exceeds the average national population growth, but this is good news for us,” says Japie van Zyl, owner of the RealNet Mosselbaai franchise. “The town is experiencing a dramatic growth spurt due to the expansion of the oil and gas industry, the influx of ‘semigrants’ from other provinces and foreigners who stay for six months of the year.

“This has brought about a turnaround in the local housing market and significantly boosted the commercial property market as well. We are bursting at the seams and urgently need new shopping centres and high schools now.”

Mossel Bay has traditionally been a holiday destination, he notes, and while there are many spectacular properties on the market, some are really not practical for families. “Some buyers are being forced to look in the older parts of town now for freehold homes because the estates don’t allow pets, for example. But the consolation is that one can buy a very large older home with four or more bedrooms in the suburbs around the city centre for around R3m.”

Van Zyl says property demand is greatest in the under-R2m price range and that there is a shortage of stock in this category. “There is however a wide choice of modern homes in the Mossel Bay Golf Estate (see photo), where sectional title townhouses are priced at R2m to R3m and large executive homes at R4m to R6m.

“The estate offers both security and convenience and is sought-after by investors as prices have trended substantially upwards in the past couple of years.”

Sales in the ultra-luxury Pinnacle Point Golf Estate are understandably slower, he says, with high-end, architect-designed villas here being priced at R10m to R15m. “However, they are sought-after by investors from Europe, and represent exceptional value for money, despite their price tags.”

Meanwhile Village-on-Sea, which is part of the St Blaize Conservancy, has proved popular with buyers, says Van Zyl. “Here vacant stands of around 980sqm are available at prices from R450 000 and finished homes for R2m to R2,4m. These homes have been superbly built, and are snapped up whenever they come on to the market.”

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