select
|

Knysna property market on track

Property sales volumes in and around Knysna on the Garden Route are increasing and stock shortages in certain price ranges are now becoming apparent.
 

3 Bedroom House for sale in Pezula, Knysna

Renate du Rand, owner of the local RealNet franchise, says the market is showing strong signs of recovery after the recent economic crunch, but that it remains to be seen what, if any, influence the small hike in interest rates at the end of January will exert on the market in the longer term.
 
"At the moment, properties in the R1,5m and R2,5m price range remain in strong demand while there is also sustained interest in the R3m to R5m price range among international buyers and South Africans currently working abroad but planning to return to the country.
 
"Local buyers include a large number of retirees who are selling their out-of-town properties or smallholdings to move to smaller homes in town. They usually pay cash and favour properties in the R1m to R2m price range. At the same time, we have noticed a strong inflow of younger families setting their sights on living along the Garden Route and they often target vacant stands and smallholdings," she says.
 
"Niche market properties such as eco homes, uniquely located properties and properties with special features, such as river frontage and landing strips, are also in demand - we have, for instance, just sold a large property with its own landing strip on the outskirts of Knysna to a young American family."


3 Bedroom House for sale in Knysna Heights
 
Lifestyle, she adds, remains the biggest draw card for buyers on the Garden Route. The mild climate, natural beauty, good infrastructure and good prospects for solid returns on investment add to the appeal.
 
Du Rand says her franchise currently has a number of unique properties on its books. The list includes a 2231sqm vacant stand on the banks of the Kaaimans River which is priced at R3,8m. With wide views of the Wilderness beach, the property's appeal lies in its prime location.
 
Then there is an unspoiled tract of land, 31ha in extent, situated high above the surrounding lakes and with panoramic views of the entire Sedgefield basin and the ocean. This is currently on the market for R4,38m.
 
In the lower price ranges, a well-appointed smallholding in Wilderness is available at R1,5m and a stand in the Kraaibos Country Estate at a mere R172 000.
 
"This sampling of available properties illustrates the wide range - and prospective buyers should not wait too long since stock is moving fast," she cautions.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 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.
        
    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