select
|

Harcourts opens in heart of the Winelands

The Harcourts property group has opened a new office in Stellenbosch that will also serve the property markets of nearby Paarl and Franschhoek.
 
The office opened for business at the beginning of July and has secured eye-catching premises at 38 Bird Street in Stellenbosch.
 
Etienne Labuschagne, co-owner of the new Harcourts Winelands office, also owns the Harcourts Select offices in Tyger Valley and Kraaifontein. "The offices will operate independently but referrals between the different areas will be automatic and so enhance the Harcourts offering in the region," he says.
 
“Meanwhile Harcourts Winelands is offering the full bouquet of property services and already has specialist agents in place to handle residential sales, marketing of new developments and rental services as well as commercial and agricultural sales. And the current team of eight sales agents and two rental agents will shortly be expanded to 15 agents in Stellenbosch, 10 in Paarl and two in Franschhoek.”
 
Labuschagne says demand for residential units in the Stellenbosch and Paarl areas is high. "Stellenbosch, in particular, is a preferred residential and retirement destination of top Western Cape professionals and business people. Many family buyers are also “semigrating” from the northern parts of the country and target Stellenbosch and Paarl thanks to the top local schools and the University of Stellenbosch."
 
So although student accommodation remains the most sought-after real estate, he says, there is also high demand for homes in retirement villages and security estates.
 
As for pricing, location relative to the university campus plays a decisive role in apartment pricing, with bachelor units off campus available at prices from around R750 000 but two-bedroom apartments in the centre of town selling for up to R5m. Family homes in older,well-established suburbs are currently selling for between R2,5m and R10m, while agricultural land with established vineyards is selling at an average of R1m/ha.
 
Labuschagne says the good news for prospective buyers in this area is that there are several new developments coming on stream, particularly in Paarl. "However, even with new stock coming to market, prices in the Winelands remain on an upward curve and that makes buying property in the area a very sound investment."


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 21 Feb 2018
      These days most buyers are using online property portals like Private Property when house hunting due to the convenience, up to date information and variety on offer. “The property portals have revolutionised the way buyers shop, but they do need to be cautious – viewing photos online is no replacement for viewing the property in person,” says Bruce Swain, CEO of Leapfrog Property Group.
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
        
    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