select
|

Property sales are picking up in Struisbaai and cash buyers predominate

Property sales are picking up in Struisbaai and cash buyers predominate.
 
Comine du Toit, owner of the local Aida office, reports that nearly 70% of recent sales were concluded on a cash basis. “Activity in the market started picking up in August last year and buyers are currently active in a broad price range. Cash transactions are common in all price categories ranging from about R300 000 to R4m,” she says.
 
Buyers are targeting houses and apartments, in contrast to the trend a few years ago when stands were the most popular choice. Buyers from the Cape make up the majority of current buyers but there is also a good representation of buyers from other parts of the country such as Gauteng and Limpopo, while buyers from Namibia have also made a showing.
 
Du Toit says the rental market, particularly for holiday accommodation, is healthy and investors stand to earn reasonable returns. “Struisbaai, just 5km from the most southern point of Africa where two oceans meet, is a popular holiday destination. It boasts the longest white beach in the Southern Hemisphere and is viewed as one of the safest swimming beaches in SA,” she says.
 
“It is also a fisherman’s paradise and many angling competitions are held on a regular basis, while kite-surfers from across the world regularly converge here to enjoy the excellent conditions, viewed by many as among the best available anywhere in the world.”
 
Du Toit adds that the absence of crime is another draw card for holidaymakers and as property buyers. “We have virtually no crime here and according to statistics Struisbaai is the safest destination in the country,” she says.
 
Struisbaai is about 200km from the international airport in Cape Town, placing it within easy striking distance of international travellers as well as holidaymakers from South Africa’s northern regions, who generally prefer to fly in and rent vehicles to reach the town.
 
Issued by Aida National Franchises


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 25 Apr 2018
      Whether you are a seasoned seller or new to the game, putting your home on the market is an exciting moment. To ensure you get the best possible outcome these 8 value adding additions to your home is worth the effort.
    • 25 Apr 2018
      After four years of unprecedented growth fuelled by semigration, the Southern suburbs market faced a number of challenges in 2017, including dwindling affordability and a marked slowing in house price growth with many sellers forced to lower their prices in order to secure a sale.
    • 25 Apr 2018
      Mall of Africa, is celebrating its second year of sensational success. This splendid super-regional shopping centre first opened on 28 April 2016, and has grown in popularity, performance and profile since then.
    • 25 Apr 2018
      While the role of trustee in a sectional title scheme is a voluntary and unpaid position, it is one that comes with huge responsibility. Trustees have a fiduciary duty towards their scheme, says Chinelle Hewit, Operations Manager at sectional title finance company Propell.
    • 24 Apr 2018
      The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK