Buyers target upper end of Simon’s Town

Pam Golding Properties area manager for the South Peninsula, Sandi Gildenhuys, says the agency is seeing the most demand for Simon’s Town in the R2 million to R2,5 million price bracket with buyers coming from Constantia, the greater Cape Town area and Gauteng.

“We have also seen a sprinkling of overseas buyers starting to enter the market these past few months. What they have in common is an appreciation for the lovely setting and the quaint village lifestyle with minimal crime, as well as the value for money on offer – on a rand per square metre basis, prices here compare extremely favourably with other seaside areas.”

Prices in Simon’s Town currently start at around R450 000 for a vacant plot, going up to R2,5 million for larger erven in prime positions. Apartments close to the beach are priced from R800 000 to R1,45 million, while a small cottage can be obtained from R1,5 million. Larger family homes are priced between R2 million and R10 million.
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