Vacant land along the Cape West Coast will provide great opportunities for buyers to purchase their piece of paradise in 2012. This is according to Maurice Lodewick, Broker/Owner of RE/MAX Lifestyle Estates, which services the Langebaan area among others along South Africa’s spectacular Cape West Coast.
Still considered to be an almost undiscovered treasure trove of rich geographical diversity from mountains and unspoilt beaches to the mass of wild flowers the region boasts in spring, the Cape West Coast has become a major holiday route out of Cape Town along Route 27.
“Stretching from Cape Town to Touws River, including the beautiful Cederberg Mountains, the West Coast is a smorgasbord of quaint historic towns and fishing villages, making it an idyllic location for buyers to build a dream holiday or retirement home,” says Lodewick.
He says that vacant land prices range from around R200 000 up to approximately R500 000, which makes it affordable for the buyer to put down a big deposit. He believes that these parcels of vacant land, along with some beachfront stands that range from around the R1,6 million mark up to about R2,5 million will be the most popular with buyers this year.
When it comes to providing buyers with value for money, Lodewick says that properties well located within security estates, particularly those close to the sea or with lifestyle offerings like a golf course, will be the best West Coast property buys in the next 12 months. “Secure estates that have good architectural guidelines always enhance the long term value of a property,” he says. Aside from this, Lodewick notes that beachfront or golf estates generally offer a good lifestyle with family facilities, which make them attractive investment nodes. “Properties within these kinds of estates will definitely hold the potential for great long term value growth.”
Adrian Goslett, CEO of RE/MAX of Southern Africa, says that holiday home sales volumes this past festive season saw a solid increase on last year’s transactions, with RE/MAX of Southern Africa reporting a 27% increase on 2010’s holiday season sales figures. “If buyers do their homework and invest wisely, they are sure to benefit from solid long term gains.”
To ensure a good property investment, Lodewick’s advice to West Coast buyers in 2012 is to still heed the old property buying mantra of location, location, location. Added to this, he says that in the current market, a buyer should only purchase a property if they can comfortably afford the repayments and expenses. “Buyers should request the services of a reputable agent and ask to be added to the database for up-to-date “best buys”. Always work with an agency that has been working in the area for several years and knows and understands the local market dynamics well. If you looking to buy, then now is the best time taking general market conditions, the interest rate and property prices into account,” he concludes.