select
|

Melkbosstrand sales and prices moving upwards again

Melkbosstrand, the Cape West Coast village just 27 km north of Cape Town, has proved to be one of those desirable residential property pockets where price stability through the downturn period has bucked the trend seen in many other areas.

This was said recently by David Evans, who, with his wife Anne-Marie, is the co-franchisee for Rawson Properties in this area (they also own the Yzerfontein franchise). An influx of new residents and new restaurants, said Evans, has given the village a big boost and from about June/July 2012 his franchise began to see a steady increase in demand and sales. This, he believes, will continue this year, as the number of enquiries now being handled is nearly double that of the same time last year.

The demand, said Evans, has been especially evident in the lower priced units, which at Melkbosstrand means freestanding homes priced from R950,000 to R1,6 million and sectional title units priced from R700,000.

“The friendly communal spirit of Melkbosstrand coupled with the village atmosphere and its close links with the sea (it has a rubber duck slipway and fishing and kite surfing have become very popular here) have always appealed to people,” said Evans, “furthermore as the village is encircled by reserves which restrict further development in the area, the existing homes will become that much more valuable.”
Another positive change in Melkbosstrand’s life, said Evans, is the upcoming introduction of the new MyCiti bus service, which is now nearing completion. This service will enable residents to travel to Cape Town for less than 45 minutes on a dedicated bus route for about R15 per trip.

Melkbosstrand rentals, added Evans, have also taken an upturn in the second half of this year and an entry level apartment will now cost in the region of R3,500 to R4,000 per month and beachfront units can be priced at anything from R10,000 to R20,000 per month.

Rawson Properties Melkbosstrand’s performance in 2012 enabled it to take the third position in the Rawson Property Group’s Western Cape region and place fifth out of more than 190 franchises in the national competition.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 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.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
        
    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