select
|

SIGNS OF RENEWED ACTIVITY IN CONSTANTIA

The leafy Cape Town suburb of Constantia is showing signs of renewed activity at the top end of the property market.  The Constantia Valley has long been regarded as a prime pocket of the city’s Southern Suburbs – and while it enjoys perennial demand for family homes in the mid-price range from R4 million to R8 million, Pam Golding Properties reports that demand for top-end homes in the “trophy” category has been somewhat muted during the global recession.  That is slowly starting to change as South Africa emerges from the economic downturn, says PGP’s area manager for the Southern Suburbs, Howard Markham.

“Whilst it is still too early to talk about a full market recovery,” says Markham, “we are definitely seeing signs of renewed interest in the top-end homes, including improved attendance at show-houses, and an increase in enquiries via our website.  This high-end sector of the market does tend to buck prevailing trends, as it is not so heavily influenced by the overriding economic climate – sellers, for example, can often afford to sit out a recession until recovery is in sight, so that they can achieve a selling price which reflects an accurate value of their trophy properties.  So the fact that activity levels are picking up again in this segment gives us reason to be cautiously optimistic.  It may well herald an upturn in sales in this price bracket – and indeed, our own sales figures for the year to date (2011) seem to bear this out.  Since the start of 2011, PGP agents have concluded 11 sales in the suburb – and the pace is picking up, as four of those deals were concluded in the month of April alone.”

Among the notable recent sales concluded by PGP agents in Constantia was a home in the award-winning secure eco-estate, High Constantia, sold for R16.5 million, and a property in Nova Constantia Road, sold for R6.2 million.  The latter is a one-acre property offering ample accommodation for family and friends, as well as a convenient central location in the heart of the vineyard area.  Also sold by PGP was a property in the sought-after “Avenues” of Constantia, sold for R14.7 million.  This home was designed by eminent architect Michael Dall, and offers around 1000sqm of living space, as well as spectacular mountain views.  It was sold to a Gauteng family which has relocated to the Cape.

PGP’s MD for the Western Cape metro region, Laurie Wener, has similar confidence in the resurgence of the Constantia market.  “Property in Constantia is a blue chip investment,” she says, “and will continue to be so going forward.  This is a prime area with a proud history, boasting some of the oldest residential properties in Cape Town, and some truly magnificent stately homes as well as modern mansions offering every possible convenience and hi-tech finish.  The beautiful vineyard setting with magnificent surrounding mountains, together with the convenient central location, ensure that Constantia will remain one of the city’s most sought-after addresses.  The varied lifestyle embraces a mix of both urban sophistication and rural tranquillity – one can go from having coffee in a chic cafe and shopping in designer boutiques, to enjoying a horse-back ride through the substantial greenbelt or tasting wine at a magnificent vineyard, all in the space of a single morning.  The comprehensive shopping facilities and easy access to top schools and medical facilities, as well as the selection of some of the city’s best secure estates, such as Silverhurst and High Constantia, are the cherry on top of a superb environment for families, captains of industry and even celebrities seeking privacy and space.”

Among the properties currently for sale in Constantia exclusively through PGP is a modern, recently refurbished home located in a quiet cul de sac off Brommersvlei Road, not far from the Constantia Village Shopping Centre.  The double-storey home is an ideal family residence, offering ample, versatile accommodation and generous reception areas.  There are five bedrooms and four bathrooms, plus four reception rooms, allowing for separate spaces for adults and children or teens to relax.  These entertainment rooms flow out onto a variety of patios and verandas, which in turn give way to a tranquil garden with a swimming pool and attractive water feature.  The garden has its own borehole, and is watered by a computerised irrigation system.  The home offers state-of-the-art technology including a dedicated home theatre room, under-floor heating and air-conditioning, plus a hi-tech security system with alarm, electric perimeter fence and electronic beams.  The private, secluded location offers lovely mountain views.  The 1321sqm property is on the market at R10.995 million.

Released on behalf of Pam Golding Properties by Philippa Hudson


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 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.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
        
    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