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RE/MAX opens its doors in Vanderbijlpark

The Vanderbijlpark area is earmarked for phenomenal growth over the next few years due to housing expansions and other business ventures in the region, says Peter Bester, Broker/Owner of the newly opened RE/MAX Finest office. 



RE/MAX Finest, which opened its doors on 1 March this year, will service the needs of property buyers and sellers in Vanderbijlpark and the surrounding areas.
 
“The decision was made to open the franchise because we realised that the Vaal Triangle is hungry for an international real estate brand that will deliver the professional image and service that the people are looking for. Currently there are a number of family-run real estate brands in the area, however we aim to provide buyers and sellers the opportunity to work with an agency that has a worldwide presence and access to an international network,” says Bester. “A major shopping centre opened in the area five years ago with all the leading brands such as Woolworths, Edgars, Game, Spur and Wimpy. This has added to the area’s allure and boosted property sales. After conducting several surveys regarding the area’s demographics, we found that there is massive buying power and excellent potential for growth in the region.”
 
He notes that currently there are numerous new housing developments that have made their way onto the market.  “An estimated 3000 new homes are currently being built in the area to cater to SASOL and ISCOR employees who are relocating as they now form part of the global company ArcelorMittal. With the steel industry very much a part of the region’s history and around 60% of the town’s workforce employed by the factories in the area, industrial growth has a direct impact on the housing market in Vanderbijlpark. Other business sectors have also seen growth over the last few years, which have added to the demand for property in the area,” says Bester. “We have also seen many other student and family buyers relocating to the area because of the North West University. The Emerald Casino and Resort has also been highlighted by some buyers as a draw card to the area.”
 
According to Bester the R59 corridor has expanded in the last few years beyond expectation, which has created a trend of people who work in Johannesburg considering Vanderbijlpark as their next investment option. “A large number of the recent buyers we have seen work in the greater Johannesburg area but commute back and forth to their homes in Vanderbijlpark. This is due to that fact that the area offers more affordable housing as well as a friendly country lifestyle with all the amenities,” he adds.
 
Bester says that the property market is buoyant and prices are very affordable when compared to other regions offering similar features. He notes that buyers can find flats in the centre of town priced from around R350 000, while larger family homes are priced from approximately R750 000 upwards to around R3.5 million. “There are properties in Vanderbijlpark that suit all types of buyers across the board of all income brackets. The property market here caters for buyers from all walks of life,” adds Bester.
 
Adrian Goslett, CEO of RE/MAX of Southern Africa, says that while property prices in the area may have slowed slightly in 2008, Vanderbijlpark’s property market has continued to grow and produce excellent results over the past five years. He notes that while homes are currently still within the affordable range, they continue to see growth.
 
“We want to provide a professional service to all of our potential new clients and add value to the area where possible,” Bester concludes.

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