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Nothing slow about Sedgefield market

Home sales have picked up in most Garden Route towns this year but things have moved really fast in Sedgefield – officially the only Cittaslow Slow Town in SA.
 

4 Bedroom House for sale in Sedgefield

“Although prices have not moved much, we have seen an increase of around 46% in the number of sales here this year compared with 2012,” says Mario Ferreira, principal of the local Chas Everitt International franchise.
 
“It is also very encouraging to see that the increase in activity is now not just confined to ‘bargain hunting’ in the lower price ranges, but much more evenly spread, with at least four properties in the R2m to R3m range having been sold in the past three months.”
 
Current buyers include a mix of locals buying for investment, upcountry and overseas buyers purchasing holiday/ retirement homes and families who have decided to relocate to a tranquil coastal town that is still close enough to a major airport to allow one or both parents to commute to city offices when necessary.


3 Bedroom House for sale in Sedgefield Central
 
“And there are two important reasons for their increased interest in Sedgefield particularly,” says Ferreira, “the first being that property prices here are considerably lower than in high profile Garden Route towns like George and Knysna, so the margin for profit when the market recovers fully is much greater.
 
“Meanwhile, the demand for rental property is high and the supply poor, so investors can expect to achieve rentals of between R4000 and R7000 a month for houses they have purchased for less than R1m.”
 
Secondly, he says, Sedgefield really is unspoilt, and likely to remain so since it has no manufacturing or other industry. “People come here to retire, or to raise their children, precisely because it offers a ‘village’ lifestyle and a strong sense of community as well as good schools, great natural beauty and a mild climate that facilitates a wide range of outdoor pursuits.
 
“At the same time, the town is only a four-hour drive from Cape Town, three hours from Port Elizabeth and 45km from the international airport in George, which makes it easy for business people to establish their families here and become weekly commuters.”


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