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
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    • 20 Jun 2018
      The average size of bond granted in SA has grown 7,7% in the past 12 months to R934 000, according to BetterBond, the country’s biggest bond originator.
    • 19 Jun 2018
      In the current market, letting out a property can be a good option as rental demand remains strong, especially in the northern suburbs of Johannesburg. This is according to Chris Renecle, MD of Renprop. However he says that before homeowners let their property out, there are five key points they should make sure are covered before they market the property for rent and sign any lease agreements.
    • 19 Jun 2018
      The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you …
        
    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