select
|

Hermanus homes more affordable than ever

Homes in Hermanus, says Peter Greyling, the Rawson Property Group’s franchisee for the area, have a high price tag reputation. Since the 2009/2012 downturn, he says, that reputation is very far from being deserved and is, in fact, highly inaccurate.

“If the truth be told, he said, “Hermanus now offers quite exceptional value at all price levels, but particularly in the upper middle and upper brackets.


4 Bedroom House for sale in Hemel en Aarde, Hermanus

“Our team,” said Greyling, “can show the prospective buyer homes in the R2 million to R4 million range which are 30 to 50% lower priced than they were at the peak of the previous boom. Furthermore, such homes are on average priced at half the level of similar quality homes in the central Cape Peninsula suburbs.”

Hermanus, said Greyling, although a relatively small town, has all the facilities of a big city as well as the advantage of being less than two hours’ drive from Cape Town. The facilities include a big, recently upgraded provincial hospital, several private clinics and a very active local medical fraternity, several excellent retirement villages, big regional Woolworths, Pick ‘n Pay, Checkers and Spar shopping chain stores, government and private schools (in the second category they now have one of the renowned Curro schools), a top rated 27 hole golf course, a small boat harbour, 20 km of beaches, excellent fishing spots, mountain trails (some in the proclaimed Fernkloof Reserve) and a very low crime rate. 


3 Bedroom House for sale in Onrus River, Hermanus

Over the years, visitors to Hermanus all experienced the extreme traffic problems during the peak holiday periods. That has all but disappeared after the main R43 provincial road into the town was doubled from Sandbaai to the Gateway Centre, completed in September this year.

“All these factors put together,” said Greyling, “have ensured that Hermanus has been able to retain its status as a number one Cape Town getaway town.”

Greyling added, however, that a warning had to be given to potential buyers that, although the market is currently in his opinion way below value, there are definite signs that it is swinging back in favour of sellers. Stock is becoming in short supply in some suburbs and he believes that prices will escalate by some 15 to 20% before the end of 2014.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 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.
    • 20 Jun 2018
      The average size of bond granted in SA has grown 7,7% in the past 12 months to R934 000, according to BetterBond, the country’s biggest bond originator.
    • 19 Jun 2018
      In the current market, letting out a property can be a good option as rental demand remains strong, especially in the northern suburbs of Johannesburg. This is according to Chris Renecle, MD of Renprop. However he says that before homeowners let their property out, there are five key points they should make sure are covered before they market the property for rent and sign any lease agreements.
    • 19 Jun 2018
      The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you …
        
    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