select
|

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


  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