RE/MAX Bushveld expands their reach to Modimolle

The commercial hub of the Waterberg district, Modimolle, is located approximately 135km north of Pretoria, near the southern edge of the Waterberg Massif of the Limpopo Province. Although the town is primarily focused on agriculture and farming, an increase in infrastructure has brought about higher numbers of property buyers moving into the area, says Loua Boshoff, Broker/Owner of RE/MAX Bushveld, who has recently opened the doors of his new office, which is located in the newly developed ModiMall.

?5 Bedroom House for sale in Modimolle (Nylstroom)

“Due to lack of infrastructure in the past, such as no electricity, the property market in Modimolle was fairly stagnant to say the least. However, with vast new development in the area things have changed and we are seeing greater numbers of property buyers wanting to purchase homes here. With the bushveld experience and pleasant climate it offers, the area has always been popular as a holiday destination, but now more and more consumers are choosing to make it their permanent home,” says Boshoff. “Over the last six months there has been a definite increase in sales volumes, particularly among new buyers entering the market and those wanting investment properties.”

He notes that the recent buying activity in the area has been fairly equally divided between buyers from various age groups. According to Lightstone data, around 33.05% of recent buyers in Modimolle are between the ages of 36 and 49 years old, while 30.51% are between 50 and 64 years old and 22.88% are between 18 and 35 years old.

“We have had a number of family buyers in the area, along with older generation buyers who are looking for a quiet bushveld oasis in which to retire. Bosveldsig is a very popular security estate for people over 50 years old.  We are also experiencing a high volume of young, first-time buyers entering the property market, proving that this area caters for buyers in all different life stages,” says Boshoff.

He notes that an interesting trend that is developing in the area is buyers wanting large farms for the purpose of breeding exotic animals. “We have many game farms in the area, which attract a large number of tourists to the region,” adds Boshoff.

Currently around 73.34% of property in Modimolle is freestanding homes, while the remaining property is divided between estates (20.58%) and sectional title units (6.08%). “While a large majority of the property in the area is freestanding homes, we are likely to see a lot of new townhouse complex developments going up in the area to cater to the growing demand. This will substantially increase sales volumes in the area over the next 12 to 18 months,” says Boshoff.

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that with the property market gaining momentum across the country, the RE/MAX brand intends to continue expanding their footprint and grow the brand’s market share in Southern Africa.

Boshoff adds that the new Modimolle office is ideally positioned to assist buyers and sellers in the region find their perfect home and guide them through the property sale process with as little hassle as possible. “Property is our game and we aim to be able to help as many clients as possible by expanding our reach. Aside from a massive international network of property professionals, the RE/MAX brand has all the tools, marketing brand power and training to be able offer clients an exceptional service and add value to the Modimolle community. Our effective and professional methods will differentiate us from our competitors with the local property market. Nobody in the world sells more real estate than RE/MAX and that will soon apply to Modimolle as well, “Boshoff concludes.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 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.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us