Residential sales in the Mossel Bay property market have increased due to cash buyers relocating to the town

Although it is today best known as the place at which the first Europeans landed on South African soil (Bartolomeu Dias and his crew arrived on 3 February 1488), Mossel Bay’s human history can - as local archaeological deposits have revealed - be traced back more than 164,000 years.  Mossel Bay is sportsman's and waters sport enthusiast's paradise, it has a very wide variety of adventure sports facilities as well as sport of the conventional type, such as golf, squash, tennis, bungi and bridge diving, indoor heated pools, horse riding to name but a few.

Ricus Serfontein, owner of the local Aida franchise, says sales in the residential market started improving in October last year, although demand for holiday homes has remained low.
"Current sales are almost equally divided between local residents buying either smaller or larger properties, and buyers relocating from other regions of the country," he says.
Mossel Bay is popular among buyers who settle their families here due to the fantastic coastal lifestyle and safety, while they keep their city jobs and commute. Commuting buyers are mostly in their early thirties to early forties.
Professionals in their thirties to fifties are also active in the market. Many of them which are opening offices or practices in town and typically buy more upmarket homes with sea views in the R2,2m to R3,2m price range. Properties in this price range are also sought-after among buyers who settle their families here while they work on contract in other countries.
Lock-up-and-go units at around R1,5m are popular among local retirees who are scaling down, as well as buyers from other parts of the country who wish to retire at the coast.
Serfontein adds that most transactions are currently on a cash basis. "We are currently processing few bond applications and cash buyers are in a strong position to negotiate attractive prices. A second benefit of cash transactions is that sales are quickly concluded, which adds impetus to a market that was somewhat moribund last year."
For further information please contact:
Aida head office: 012 682 9600
Contact: Ester Odendaal
Aida Mossel Bay: 044 691 1582
Contact: Ricus Serfontein

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 24 Nov 2017
      Demand for secure estate living in Hout Bay has risen sharply in recent years, precipitating a spike in development with estate homes now accounting for 20.24% of the property landscape with the launch of an exclusive new gated development on 26 November adding 20 more units to the existing 1250 estate homes.
    • 24 Nov 2017
      There are some things that money can’t buy – spectacular views from Mouille Point to the V&A Waterfront and a trendy and lively neighbourhood that encapsulates the very best of the Cape Town lifestyle.
    • 24 Nov 2017
      Tshwane’s four-bedroom Mayoral mansion, nestled among ambassadorial residences in the upmarket suburb of Muckleneuk, fetched R5.1 million after spirited bidding at High Street Auctions’ final sale of the year.
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 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.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us