Rosy outlook for Belfast properties

Francois de Villiers, owner of the new RealNet estate agency in town, says South Africa's growing demand for electricity has focused new attention on rich coal deposits in the area. "Although Belfast can by no means be seen as a typical mining town, employees and contractors at surrounding mines choose to settle here because of the established infrastructure and the quiet lifestyle," he says.

Demand for family homes are growing and demand for rental units currently outstrips supply. Investors are now active in the market, not only because of the ready supply of tenants, but also because prices are attractive following the recession.

Prices vary widely, depending on location and condition. Starter homes can still be had from about R350 000 while top properties fetch up to R2m.

Belfast has earned its stripes as one of the favourite trout destinations on the escarpment and the town boasts a thriving tourism industry with an assortment of guest houses in town and guest farms in the immediate vicinity.

Investment buyers are also still targeting leisure properties for own use while the crisp highveld climate draws a fair share of retirees.

De Villiers adds that a high altitude training centre just outside town has been mooted. "Increasing numbers of international athletes train in Belfast to prepare for big  competitions because high altitude training gives them an edge and a formal training centre would certainly enhance the town's attractions," he says.

The new RealNet office opened in August and De Villiers, a seasoned estate agent who  was born and bred in Belfast, says sales in the first few months of operation exceeded his wildest expectations. "Judging by the recent performance of the local market, I confidently expect a rosy future," he says. "We are slowly but surely leaving the ravages of the recession behind us and we are seeing a definite upward curve in sales."

The RealNet franchise includes surrounding towns such as Wonderfontein, Carolina, Badplaas, Waterval-Boven, Machadodorp, Dullstroom, Sycamore and Stoffberg.

"Our franchise area covers about 16 000 square kilometres and includes some of the most picturesque towns in the region. At the moment we field four qualified estate agents in Belfast and plan to open five satellite offices in neighbouring towns shortly," he says. His office is currently on a recruitment drive to staff satellite offices.

A strong farming community in the area supports the economy of local towns. The RealNet office will also serve this sector of the market. Farms with grazing sell at between R7000 and R10 000/ha, cropping land between R15 000 and R20 000/ha and farms with irrigation from R20 000/ha.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us