Aida opens in Zeerust

News > news - 18 Apr 2008
Aida has opened a new real estate franchise in Zeerust in the North West province.

The office is co-owned by Robert Jonker and his son Danie, who will manage the new franchise.

Robert, who also has a stake in successful Aida franchise in Lichtenburg, says the property market in Zeerust is characterised by a strong contingent of first-time buyers as well as investors, who are attracted by home prices that are considerably lower than the national average.

"In Zeerust, standard three-bedroom homes with a single bathroom sell at prices of between R500 000 and R630 000, but units at the edge of town - popular among buyers from rural areas - are selling for as little as R350 000.

"Meanwhile luxury homes here also represent excellent value when compared to national averages. Large homes with swimming pools and upmarket finishes sell at around R1,4m."

The town, situated between Rustenburg and Mafikeng, is earmarked for future development and Jonker says there are indications that mining companies are targeting the area. "If this materialises, it would galvanise the property market in the residential as well as commercial sector," he says.

Aida is the first national property franchise group to open in Zeerust and Jonker says the new office plans to lay the groundwork for future growth and development in the property market. "Right now, the future of the town looks very rosy indeed," he says.
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