Demand for Paarl residential property continues to rise

Numerous predictions made by herself and other estate agency principals in Paarl to the effect that the demand for residential property in that town is increasing all the time – and is pushing up prices – have in the last three to four months been proved completely correct, says Lizette Joubert, franchise principal for the Rawson Property Group’s Paarl franchise.

On several recent sales, said Joubert, her team has received two or three offers, very often backed by an ability to pay big deposits (in the region of 25% to 50%). Furthermore, she said, trading conditions have been improved by the banks adopting a more accommodating approach to potential buyers.

4 Bedroom House for sale in Boschenmeer, Paarl

Historic central Paarl, said Joubert, has always had a slightly superior upmarket image and the majority of recent sales here have been in the R1,6 million to R2,4 million bracket – and it is here, too, that demand is strongest. Prices, she said, are 5% up on the same time last year and her franchise’s sales are 38% up, which keeps her in line with the Rawson Property Group’s national average.

Also showing big increases are Paarl rents, which, Joubert estimated, have grown by 80% in the last year. Capitalising on the demand, Joubert has bought the entire rental book of another national agency and this has more or less doubled the Rawson Paarl team’s managed portfolio.

Joubert has, on several occasions, stressed that the entire residential estate agency sector depends to a large degree on accurate valuations and the ability to do these requires thorough training.

3 Bedroom House for sale in Paarl

“In this field, I believe, we have been performing exceptionally well. Our agents, have recently done around 52 valuations in two weeks and these have proved to be so well researched that we have now been recommended by current clients to others who are also interested in knowing the correct market value of their homes, possibly with a view to putting them up for sale.”

Asked to explain Paarl’s on-going popularity, Joubert listed several factors: the town’s attractive historic central area, its excellent schools (some now over a century old), its low crime statistics, its Platteland lifestyle, its efficient municipality and its still affordable prices.

“This combination of factors puts Paarl on the same level as Stellenbosch as regards popularity in the Boland, the difference however being that our prices are still far more affordable,” said Joubert.

Looking for properties close to Paarl Boys High? Use our unique search function to find the perfect property around schools, landmarks or in close vicinity of a specific street.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Mar 2018
      The 1% VAT increase which is set to take effect as of 1 April 2018 has set the country alight with many burning questions, most of which cannot be comprehensively answered by our knowledgeable friend Google.
    • 22 Mar 2018
      The picturesque and oft-misty town of Dullstroom in Mpumalanga belies its name. Judging by the rapidly increasing influx of weekend visitors, many of whom then look to acquire property here, it’s anything but dull, quips Anton Greeff, Pam Golding Properties area principal.
    • 20 Mar 2018
      Located close to the fast growing Fourways precinct, Dainfern continues to attract local and international interest from buyers seeking a secure lifestyle with affordable entry price of approximately R3 million.
    • 20 Mar 2018
      Property owners in the Durban CBD are addressing the affordability challenge that faces many prospective tenants in their area – and reconfiguring the inner city rental market in the process.
    • 20 Mar 2018
      One of the most misunderstood concepts in the process of selling a property is an exclusive or sole mandate.
    • 19 Mar 2018
      If a landlord opts to use a managing agent for the rental of his or her property, the inspection process can be easier as the agent is not emotionally involved and will certainly have concluded an in-depth inspection report in the interests of all parties.
    • 19 Mar 2018
      We all wish we could have the cheat sheet for selling a property – a simple Ctrl+Shift+C code that will magically secure an offer on your home in an instant. Though it is not possible to provide you with this cheat code (sadly, reality does not come with such perks), it is possible to provide you with a list of the most common blunders some of your neighbours have committed in their efforts to sell their homes
    • 19 Mar 2018
      Although property technology is now widely accepted as an established trend, especially in the international real estate arena, the industry has been cautious to advance and smaller markets like South Africa are still hesitantly dipping their toes in the water.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us