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New resort for Knysna as holiday home market heats up again

The property market in the Garden Route town of Knysna is clearly in recovery, with the number of home sales having increased by about 55% over the previous year.
 

The stunning showhouse at the new Lake Brenton development in Knysna, where Sotheby’s International Realty has a mandate to market the stands.

That’s the word from Peter Maré, the Sotheby’s International Realty franchisee in Knysna, who says that most sellers have adjusted, in the past four years, to the new market realities, and that buyers have responded very positively to their lower asking prices.
 
At the moment, he notes, the majority of sales are not being made to buyers in search of second or holiday homes. They are being made to two main groups of new permanent residents – retirees who like the climate and the scenery and young families who are leaving the cities in search of a cleaner, safer and less stressful life in a smaller town.
 
“And demand among such buyers continues to rise as Knysna becomes increasingly self-sufficient, with its own large shopping mall, a private hospital and an excellent private school, as well as a number of exclusive gated estates and marinas.”
 
Nevertheless, Maré says, the town has retained its allure as one of SA’s top holiday destinations, “and with much of the surplus residential stock having been taken up now by our new permanent residents, there is definitely a gap in the market for newdevelopments to meet the needs of a new generation of holiday-home buyers and investors.”
 
One such project is the Lake Brenton resort, situated between Knysna and Brenton, on the shore of the KnysnaLagoon and adjacent to the 150ha Featherbed Nature Reserve on the Western Head of Knysna.
 
“This is being developed as an eco-friendly holiday destination that combines sustainability, luxury and adventure, and where the buildings will have a minimal architectural and physical impact on the natural environment,” he says. It will contain a rehabilitated forest as well as a tennis court, clubhouse, games room, swimming pool and slipway into the Knysna Estuary, which is an ideal venue for many types of watersport.
 
Sotheby’s International Realty has the mandate to market the stands in the resort, and the strength of interest is illustrated by the fact that more than 20 have already been sold. Prices range from R660 000 and up to R3,38m for the waterfront stands, and a show house (see photo) has already been built to illustrate the architectural guidelines that have been set.
 
For more information about the Lake Brenton development, visit http://www.lakebrentonknysna.co.za


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