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.

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