The laidback lifestyle of Muizenberg

Area history

Considered as the birthplace of surfing in South Africa, the beach-side suburb of Muizenberg is situated on the Cape Peninsula. 

The laid-back, historic seaside town is home to the oldest building on the False Bay coast known as Het Posthuys. Dating back to 1742, the building was originally used by the Dutch East India Company as a toll-house to levy a tax on farmers to sell their produce to passing ships. The area was named after one of the early postholders at Het Posthuys known as Sergeant Muys.

Other historically significant buildings in the area include Rhode’s Cottage, which is a small seafront home which was bought as a holiday cottage by Cecil Rhodes. The cottage is where Rhodes died in 1902 and has subsequently been converting into a museum dedicated to his life.

2 Bedroom House for sale in Muizenberg

The area was also the site of a significant military battle that would later be known as the Battle of Muizenberg. Starting in June 1795 and ending three month later, it was the battle that saw the first British occupation of the Cape.

Today the Muizenberg beach stretches over 20km all the around the top of False Bay to the Strand with brightly coloured Victorian beach houses that hark back to a time when it was Cape Town’s premier swimming beach.

Area property information

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that property in Muizenberg consists of 46.04% freehold property, 38.86% sectional title units and 15.10% estates. He notes that while sectional title prices in the area saw excellent growth between 2004 and 2008, the average price of a freehold property did not fare as well. Goslett says that the freehold price saw a drop in 2005, dipping again in 2006. He notes that while it saw massive recovery during the peak of the property boom in 2007, the price dropped again the following year. Since 2008, freehold prices have remained on a steady upward trend hitting a record high of R865 000 in 2013. Sectional title unit prices have remained fairly flat over the last four years, with the average price around R703 000 during 2013.

5 Bedroom House for sale in Muizenberg

According to Goslett, Muizenberg property sales peaked at the height of boom during 2007. He notes that in 2008 sales volumes saw a decrease, dipping further in 2009. In 2010 sales numbers increased and have continued to show slow but steady progress ever since. Goslett says that Lightstone data reveals that the majority of recent buyers in the area are below the age of 49 years old. He notes that around 33.33% were between the ages of 36 and 49 years old, while 32.55% were aged between 18 and 35 years old. Currently the largest percentage of existing homeowners in the area is those between 36 and 49 years old (38.7%). This demographic also accounts for around 36.32% of recent sellers.

Property price trends

Demand for property

Goslett says that more than half of the properties sold in Muizenberg from February 2013 to January this year were priced between R400 000 and R800 000, while 32.4% were priced between R800 000 and R1.5 million. He notes that 6.6% of properties sold during this period were priced between R1.5 million and R3 million, while 6.2% were priced below R400 000. Only 1.2% of properties sold in Muizenberg during that time frame were sold for more than R3 million.

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