Blouberg Attracts Overseas Holiday Makers.
News > news - 24 Apr 2007
From Left to Right:
Dave Jennens, Nhlanhla Nkala, Pieter Oberholzer & Hannes Kotter

Sixty percent of buyers investing in the Bona View seaside development in Big Bay are internationals, and of those, 80% are from the UK with others hailing from as far afield as Tokyo, America and Bahrain.

 

This is according to Dave Jennens of Lew Geffen Sotheby's International Realty, Blouberg, who says the Blouberg/Big Bay area, by international standards, is one of Cape Town’s “best kept secrets”.

 

“Developable land on the Atlantic Seaboard has become a scarcity and the prices are driving would-be foreign investors to the Western Seaboard.

 

“We have found buyers love the view of Table Mountain and the beachfront lifestyle which Blouberg and Big Bay offers. The beachfront also seems far more spacious and uncluttered and the relatively affordable new developments’ are very attractive to foreign investors.

 

“The majority of interest in the Bona View development, which we have been marketing since late last year, has been from internationals who see seaside homes priced from R 1.3 million as excellent value.”

 

The development consists of one, two and three bedroom simplex and duplex units ranging in size from 138 to 204 square meters priced between R 1.3 million and R 2.9 million. Bona View is roughly two thirds sold at this point.

 

“Twenty-four hour, manned security provides the perfect lock-up-and-go getaway location, accompanied by classical, secured views of Table Mountain, the Atlantic and Robben Island from most units.”

 

Jennens says many visitors to Cape Town don’t venture to Blouberg and when they do stumble upon it and discover the excellent value it offers, they are surprised and delighted.

 

“Many tell us it’s the Cape’s best kept secret. We have found that the majority of international buyers in Blouberg either have family or friends living here or are beach and kite-surfing enthusiasts, who regularly holiday in the area. Once they discover the Blouberg and realise they can buy here from as little as £100 000, they cannot resist.”

 

Jennens says the commuter traffic situation from the Blouberg area into Cape Town’s CBD, which has deterred some local buyers in the past, is of very little importance to foreign and up country buyers for whom the area is primarily for holidays.

 

He says the ongoing interest from international buyers in the area augers very well for local and overseas investors as it means there is never a shortage of would-be buyers.

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