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Luxury homes in SA: Great locations, outstanding value

The old property adage “location, location, location” applies across the board - locally, regionally, nationally and internationally - and of course the best locations in the best areas in the wealthiest countries usually grab the headlines and attract the highest prices.

Thus the same property in one location can be worth a fraction of the price in another location – a fact which opens up some interesting possibilities for those looking to spread their wings wider internationally in their property search, says Hein Pretorius, principal of Sotheby’s International Realty in Plettenberg Bay, South Africa’s most popular beach resort.

“For example, high-end properties in South Africa’s best locations generally compare very well in terms of finish, price and location with similar properties elsewhere in the world.
          
“Before going into actual values, though, there are a few interesting points regarding location that need to be considered when buying property internationally. The correct location or positioning of the house on the site is also a critical value-adding factor. Views, light and climatic conditions must be accounted for in design. In the southern hemisphere, homes should be North facing and vice versa in the northern hemisphere. Homes need to be cleverly designed so that views are not compromised. Design should also account for local social, weather, and soil conditions.”

In Plettenberg Bay, he says, maximum value derives from excellent sea views, direct beach access, a northerly aspect (which conflicts with the easterly sea view), sheltered outdoor entertaining areas on two sides of the home to accommodate the local outdoor social lifestyle in all weather conditions, privacy, specialised foundations if located on sandy soil, good security and good damp proofing (to account for winter rainfall and coastal conditions).

“An excellent example of a home that combines these requirements masterfully is a five-bedroom mansion on Robberg Beach that is for sale for US$7,525 million.

“This home also compares very well in terms of value with similar properties in other sought-after beach resort community locations around the world, including those in the Caribbean, Florida and California in the US, Marbella and Majorca in Spain, and of course Bantry Bay, Camps Bay and Clifton on the Atlantic Seaboard of Cape Town.” (See www.sothebysrealty.com)

The most expensive home currently for sale in SA, Pretorius notes, is Enigma Mansion in Camps Bay, which is priced at R300 million or US$34,7 million.



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