select
|

Busy summer for South Peninsula agents

The peak summer season has once again proved to be a busy one for estate agents selling residential property in Cape Town’s South Peninsula. 


This beachfront villa is located in a private marine reserve between Simon’s Town and Cape Point. Designed by a leading eco-architect, it offers three bedrooms, open plan living areas and a sheltered patio with rim-flow pool. The 14500sqm property also contains an original three-bedroomed fisherman’s cottage which has been fully renovated. It is on the market exclusively through Pam Golding Properties at R10 million.

The area includes popular seaside towns such as Muizenberg, Kalk Bay, Simon’s Town, Fish Hoek and Noordhoek, as well as smaller villages like Scarborough and Kommetjie. All are known for their laid-back coastal lifestyle, with many properties enjoying sea and mountain views. Pam Golding Properties (PGP) reports that its South Peninsula agents sold over R17 million’s worth of property in December 2013 alone, while agent Esther le Roux set a new record price of R3.98 million in the town of Glencairn/Cairnside, topping the previous record of R3.7 million, set in June 2013.
 
PGP’s South Peninsula area manager Sandi Gildenhuys says the area is sought after by a wide variety of buyers, for differing reasons. “Some are drawn to the sprawling smallholdings of Noordhoek where they can keep horses or set up their own artist’s studios,” she says, “while retirees in particular love the tranquillity, flat layout and easy beachfront access of Fish Hoek. Young families find good value for money in Capri and Faerie Knowe, close to excellent schools, while for international buyers, the top-end luxury homes in many of these towns are an ideal purchase for holiday or part-time residential use. In general the South Peninsula also attracts the ‘green’ crowd – those who want to live closer to nature, in a healthier environment with a wealth of outdoor activities to be enjoyed. All of these towns are accessible in under an hour’s drive from Cape Town, yet feel like they are a world away from the big city.”
 
There are ample opportunities for buyers to purchase homes under R3 million in the South Peninsula, although Gildenhuys reports that stock levels in the lower price brackets (sub-R2 million) are low at present due to high demand. Activity is also picking up in the upper price brackets, after a long period of relatively muted sales - PGP recorded two sales over R7 million in December 2013, and has seen an overall increase in buyer activity in this range, particularly from international purchasers.
 
Buyers have included a mix of Capetonians moving into the South Peninsula, retirees, upcountry buyers relocating their families from Gauteng or buying for holiday use, and some international clients. Gildenhuys notes a particular increase in demand for secure living in gated estates.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Feb 2018
      RE/MAX Property Associates’ Table View Office, which services property buyers and sellers along the Table Bay coastline and surrounds, has recently sold a home in Woodbridge Island for R11 million – the highest price paid for any home in the sought-after security complex.
    • 23 Feb 2018
      Choosing to invest in an overseas property can be daunting. But as more and more investors recognise the value of a diversified portfolio that includes property outside of their own country of residence, international property investment is growing in popularity.
    • 23 Feb 2018
      The positive change in South Africa’s political landscape is paving the way for an upswing in the local property market.
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
        
    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