select
|

Upcountry buyers discover Gordons Bay

Value for money, a blue flag beach and lovely northerly views in Gordons Bay have caught the eye of upcountry buyers relocating to the coast.

The charms of the town remain relatively undiscovered, says Paul Matthews of the local RealNet franchise. "But now we are seeing an overflow of buyers from more high-profile destinations such as Hermanus. Many upcountry buyers report that they were scouting for coastal property in surrounding areas and discovered the good value and attractive lifestyle of Gordons Bay quite by chance."

Word of the good buys available in the town is spreading, however, and the number of new residents is growing steadily. Yet, says Matthews, prices remain realistic and the market is stable.

"The local property market weathered the recession rather well, and although there was a slight dip in prices, we have not experienced too many wild fluctuations."

Property prices start at just less than R500 000 for apartments, but few are available in this price range. Most apartments sell at prices of between R550 000 and R950 000.

Matthews says there is also something of a divide in prices of properties with and without views. "Anything with a view should sell at upwards of R1m, and the price is worth the sweeping northerly views many units offer. Another plus is that building in Gordons Bay is restricted to three levels, and we consequently enjoy a town on human scale, instead of being dwarfed by high-rise buildings."

A good selection of properties is available and at the top end of the market - and mansions of about 1000sqm under roof and with sweeping views can reach prices of R7m and more.

Many of the Western Cape's attractions, such as Hermanus, Franschhoek, Cape Town and the Stellenbosch winelands, are within a 45 minute radius of Gordons Bay, and Matthews says this is another big draw card.

Buyers in all categories, from local first-timers to families and retirees, are currently active in the local market.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 25 Apr 2018
      Whether you are a seasoned seller or new to the game, putting your home on the market is an exciting moment. To ensure you get the best possible outcome these 8 value adding additions to your home is worth the effort.
    • 25 Apr 2018
      After four years of unprecedented growth fuelled by semigration, the Southern suburbs market faced a number of challenges in 2017, including dwindling affordability and a marked slowing in house price growth with many sellers forced to lower their prices in order to secure a sale.
    • 25 Apr 2018
      Mall of Africa, is celebrating its second year of sensational success. This splendid super-regional shopping centre first opened on 28 April 2016, and has grown in popularity, performance and profile since then.
    • 25 Apr 2018
      While the role of trustee in a sectional title scheme is a voluntary and unpaid position, it is one that comes with huge responsibility. Trustees have a fiduciary duty towards their scheme, says Chinelle Hewit, Operations Manager at sectional title finance company Propell.
    • 24 Apr 2018
      The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
        
    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