select
|

RealNet opens in Klerksdorp

The RealNet estate agency group has opened an office in Klerksdorp to bring its signature high-quality service to property consumers in North West Province.
 
And Jaco Faurie (subs: sp correct) and Pierre Ludick, who have obtained the franchise rights for the area including Klerksdorp, Orkney, Stilfontein and Hartbeesfontein, report that the local real estate market is steadily improving. At the same time, they say, there are opportunities arising for buy-to-let investors.
 
Ludick says the market has been showing encouraging growth for the past few months. “Numerous new developments are being planned for the area, including housing projects that will deliver some 7000 new homes and several schools as well as new commercial and religious facilities.”
 
Faurie adds that investors can, however, find good value in older properties. “Old mine houses in Stilfontein in particular are offering excellent opportunities, with solid family homes selling at prices of between R300 000 and R600 000.
 
“Such value is not only attracting outside investors, but also retirees, first-time buyers and buyers who work in Potchefstroom 40km away and who are willing to commute,” he says.
 
Prices of family homes in Klerksdorp start at around R500 000 and the market is currently underpinned by local buyers who are taking advantage of low interest rates to get a foot in the property door, as well as farmers in the district investing in town homes.
 
The markets in Orkney and Hartbeesfontein are still somewhat subdued, says Faurie, but speculation that the uranium mine near Hartbeesfontein may soon be re-opened is generating new enquiries for property in the small town. “And the local market would get a huge boost if the mine was indeed re-commissioned.”
 
RealNet Klerksdorp also serves the agricultural sector, in which cattle and crop farming predominate. However, says Faurie, Gauteng investors are currently also targeting land to establish game farms.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
        
    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