Great investment opportunities in Pretoria’s northern suburbs

Due to the current housing shortage in the area, prices in Pretoria Moot will escalate over the next 12 to 18 months, says Hendrik Havenga, Broker/Owner of RE/MAX Blue Chip Realty, whose office services the Pretoria Moot and Akasia areas.
According to Havenga, the Moot area is a safe, well-established one with very few new developments or properties available to buyers. He notes that due to the fact that there is not a lot of vacant land available, buyers who want to purchase property in the area are limited to existing properties. Havenga says that the shortage of properties, along with the fact that new developments in the area are scarce, will likely push the area’s property prices up in the near future.  
He points out that the large majority of properties in Moot are older, freestanding homes that are situated on large stands. “Many of the current homeowners have lived in Pretoria Moot for years, have paid off their bonds and can afford to renovate their homes. “This has been a trend that has developed in the area, along with the subdivision of the property. Often the only way that new buyers can find a piece of land on which to build is by purchasing a section of property from an existing homeowner,” says Havenga. “Much like the area, the consumers that buy in Pretoria Moot are established and conservative buyers looking for their ideal family home.”
In contrast to Pretoria Moot, the suburb of Akasia is booming with new developments. “Developers are purchasing vacant land and introducing entry-level and mid-range homes into the area. This has opened up a lot of investment opportunity and so it is not surprising that we have seen a great number of first-time buyers interested in these developments.  The new developments along with older, entry-level homes in need of renovation have made the area very popular with young people wanting to get into the market. Even those who are currently unable to buy property here are moving to the area, which in turn is leading to strong rental demand,” says Havenga.
According to Havenga, the popularity of high-rise developments among the younger generation has led to some developments in Pretoria being primarily focused on students. “Currently RE/MAX Blue Chip Realty is involved in a multi-million rand apartment project in the Pretoria CBD that is specifically designed for student living and the location of the apartments makes it easy for students to commute to the university,” he says.

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that sectional-title units that are located in secure complexes within proximity to a university campus as well as other amenities are particularly sought-after among students across the country. From an investment perspective these types of units generally show healthy returns over the long term.

Havenga says that due to the potential of these developments there has been an interest from investment groups looking to purchase bulk investment properties. “The broad appeal of the area and the current development boom has caught the attention of serious investors who are looking to capitalise on the area’s remarkable growth,” he says. “

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us