select
|

Expats investing in prime Garden Route properties

Smallholdings and large stands in prime locations on the Garden Route are attracting new interest among discerning buyers.
 
SA expats in Australia and contractors currently working on the African continent and in the Middle East are investing in lifestyle properties, particularly smallholdings, on the stretch of coastline between Plettenberg Bay and Knysna, says Renate du Rand, owner of the RealNet real estate franchise in Knysna.
 
"The strong Australian currency now allows expats - who plan to eventually return to SA - to invest in prime local properties and interest along the Garden Route has picked up considerably since the second quarter of this year. We are also receiving increased enquiries from South Africans working on contract in various African and Middle Eastern countries," she says.
 
Interest among buyers from South Africa's interior who are looking for lifestyle and investment properties has also increased in the past three months, she adds.
 
Prices of smallholdings in this area range between R1,5m and R3,5m for units of between 2,5ha and 17ha. And those with a main dwelling, a separate cottage, an established garden and river frontage or natural dams are in particular demand.
 
At the same time, says Du Rand, there is sustained demand for luxury properties at the high end of the market. Properties with price tags of between R7m and R20m are still attracting offers.
 
Large stands in prime positions are selling at substantial prices.The franchise has recently obtained a sole mandate for an 8565sqm stand on Plett's Robberg Beach - widely regarded as one of the world's prime coastal locations - and Du Rand says several SA buyers have already made enquiries. The property, which has a 40m beachfront, is on the market for R38,5m.
 
She says privacy and prestige are two reasons why vacant stands in exclusive areas attract high-profile buyers who want to commission designer homes. “For example, two adjacent plots on Robberg Beach were sold for R25m and R27m respectively to an SA buyer who plans to leave the one stand vacant.
 
Meanwhile, demand for more modest properties on the Garden Route is also healthy. Starter two-bedroom units in complexes are selling well at prices starting at around R585 000, while family homes in the R1m to R2m range are in strong demand.



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    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