Property heats up in Hoedspruit

The Hoedspruit property market continues to perform well and attract buyers from all walks of life, says Annie van den Berg, Broker/Owner of RE/MAX Wildlife Properties, whose office is based in the area.

She notes that property transactions in the area are outstripping many other regions across the country and the houses are currently achieving their listing prices again.The picturesque environment and rustic qualities of the region have boosted the demand for property, which has continued to grow from strength to strength over the past few years. According to Lightstone, a property statistics and information provider, over 41 properties have been sold in the past 12 months in Hoedspruit Wildlife Estate alone.

“We found that previously sellers would have to drop their listing price because homes were staying on the market for longer periods. However, with the growing demand in the market that is no longer the situation. The area is highly sought-after by property investors because of its location and proximity to the Kruger National Park. The fantastic weather, low crime rate and luxury bushveld living have been a draw card for both international and local buyers alike. Many of the buyers here are entrepreneurs and family buyers who want to escape city life and enjoy the relaxed bushveld lifestyle on offer here,” says Annie.

A love of wildlife and the African bush seems to be the common thread that weaves between the vast array of buyers and visitors in the area. Annie notes that while the area does offer the out-of-town bushveld experience, residents still enjoy all the amenities one would expect in a contemporary town.  Adrian Goslett, CEO of RE/MAX of Southern Africa, says that many investors often look to purchase holiday homes that offer a different way of life to their normal everyday experiences – and Hoedspruit definitely provides that for most!

Annie says that the lifestyle offering ensures continued demand in the area, which in turn means that investors are likely to see an excellent return on their property purchase over the long term.  Additionally, while the return on the investment sees positive growth, the owner will have the pleasure of enjoying their own investment. She notes that properties which are likely to offer the best return on investment are those within the secure wildlife estates that are close to all the amenities, good schools and Kruger National Park, offering both security and proximity to the scenic attractions in the area. According to Annie, there is currently high demand for homes in Hoedspruit that are priced under the R2 million mark, although some higher-end properties are also selling.

She adds that investors can also take the opportunity to make money through rentals. “Rental demand and pricing is still very high as many buyers struggle to gain access to finance and because Hoedspruit is a small town, home rentals are achieving top dollar. Rental properties in Hoedspruit are fetching between R8 000 and R12 000 per month. We have also seen both local and international visitors make their presence felt in the rental market over the holiday seasons,” says Annie.

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