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
Characters remaining

    Latest Property News
    • 22 Jan 2018
      Moving away from the city to a country or coastal town and a slower-paced life is a frequent new-year resolution for South Africans, but thorough research should be done before you break free from the hustle and bustle, because making the wrong move could turn out to be a very expensive mistake, and even more stressful for you and your family than staying in the “big smoke”.
    • 22 Jan 2018
      Cape Town is home to many breathtaking and historic homes, but House Invermark designed in 1969 by South African architect Gilbert Colyn, with inspiration from two modernist icons: the Glass House by Phillip Johnson and Farnsworth House by Ludwig Mies van der Rohe is in a class of its own.
    • 22 Jan 2018
      2017 was a challenging year for the South African property market in general, despite small pockets of thriving activity in areas like the Western Cape. As we head into 2018, Tony Clarke, Managing Director of the Rawson Property Group, casts his eye forward to property trends and market influences that could make their impact felt in the New Year.
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us