select
|

Strand continues to be a high demand area

Recent reports about an almost startling run in demand for residential property in Strand have been confirmed by Wouter Joubert, manager and co-franchisee for the Rawson Property Group’s Strand franchise.


3 Bedroom House for sale in Strand South

“Our sales in September and October 2013 were, on average, 32% up on the same months in 2012 – and we hear that other agencies are also achieving big increases, although possibly not at this level,” said Joubert.

Asked to give the details of these sales, Joubert said that in September last year, his team sold 21 homes with a value of R19 million and in October 2013, 19 homes with a value of R21 million.

For the last four months, he said, his team has averaged 15 sales per month, making them one of the two top agencies in Strand.

“What is particularly significant,” said Joubert, “is that the sale prices now being achieved are 30% to 80% up on those of only two years ago. Taking both freehold and sectional title units into account, prices have risen from around R600,000 to R900,000.

Particularly fast appreciating, said Joubert, is the affordable market, with a value of R1 million to R1,5 million. Here, he said, it is now difficult to get stock. In the sub-R1 million bracket demand also currently outstrips supply.


5 Bedroom House for sale in Strand North

As yet, said Joubert, the upper middle and upper bracket homes have not shown much price improvement. As he has said before, Joubert reaffirmed that, in his view, there will be long term price appreciation in many of the nearby beachfront homes. Here, homes and apartments (many in avant garde modern blocks) are selling from R1,5 million to R4 million.

“Possibly nowhere in South Africa are such luxurious units still available at today’s prices.”

The Strand Municipality’s plan to upgrade the CBD, the Pavilion, the beachfront boulevard and the seawall (to create a Sea Point type recreational area) as well as the reinstatement of the dune area with indigenous vegetation (it is currently overgrown with aliens) and the treatment of the local sea water polluted by the Lourens and Soet Rivers will all, said Joubert, add value to the Strand properties.

“Despite the tight economic climate, we are now confident that we can maintain our current growth rate this year,” said Joubert, “because the simple truth is that despite prices rises, the value-for-money here at the Strand is excellent (especially in comparison with the other Helderberg and Boland towns) and demand is increasing not decreasing.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 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.
        
    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