As one of South Africa’s leading global real estate brands which boasts a strong network of over 200 offices across Southern Africa, RE/MAX is proud to introduce the latest addition to its family of real estate professionals: Justus and Rene Brandt, franchisees of RE/MAX Sunset Coast, situated in St Helena Bay on the Cape West Coast.
The Brandt’s have extensive experience in property sales and have both completed various diplomas and courses to deepen their understanding and knowledge of the property business.
Adrian Goslett, Assistant Regional Director, RE/MAX of Southern Africa says the Western Cape, even in this economic slow-down has still managed to return value on most property investments. “The Cape West Coast has great property investment potential just waiting to be uncovered. We are very excited about our new office opening and look forward to offering our high level of service, professionalism and good value-for-money deals in the area.”
The husband and wife team say the West Coast property market, like the rest of the country is currently quite depressed. “We are however expecting an upswing as soon as the lowered interest rates begin to take effect and investors start looking at alternatives to the financial markets.”
Rene says that while some homes along the West Coast have been over-capitalised, the majority of properties are well priced. Property prices in this part of the world vary from R250 000 for a vacant piece of land to R9,5-million for a developed beachfront property in Britannia Bay or Shelley Point. “There are some good deals when it comes to vacant land as investor buyers feel the current pinch and want to alleviate their bond liabilities. Vacant land sales vary from around R160 000 in distressed situations up to R2-million or more for beachfront plots,” she says.
According to Justus, property value growth in this area for full title properties fluctuates, but overall shows a positive appreciation of around 66,67% over the four year period between 2003/4 and 2007/8. “While full title properties have seen a decline in value growth to 37,05% for the 2008/9 period, we are positive about the area’s future when it comes to sustained property growth, especially when taking the proposed industrial development for the Vredenburg/Saldanha bay area into account.”
The Brandt’s also expect that the possible oil and gas exploration off the West Coast and the servicing of oil rigs will mean workers will choose to reside close by in the Paternoster/Britannia Bay/Shelley Point/St Helena Bay areas. With the envisaged economic recovery, they are also expecting an influx of new investment and holiday home purchasers. Justus talks about large pieces of land being developed into residential erven, mostly with beautiful sea views, which present an ideal investment opportunity for those buyers in search of a leisure property.
There are a variety of projects underway along the West Coast which will also undoubtedly add further value to the property investment offering. “We have a Mauritian consortium which has bought the Shelley Point Golf Club, Spa and Hotel and is in the process of upgrading it along with the course, which is to be enlarged to 18-holes. In addition there is a new West Coast shopping mall located in Vredenburg, about 30km away. This shopping facility opened up in March this year offering well-known brands like Woolworths, Checkers, Game, Edgars, Clicks, CNA, Wimpy and Spur,” says Justus.
Aside from offering solid property investment opportunities, the Cape West Coast is an area filled with scenic beauty and rustic charm. St. Helena Bay, for example, is one of the only three natural bays on the mainland coastlines of the world where one can experience the phenomenon of having the sun rise and set over the same ocean.
Officially opened on 1 July 2009, RE/MAX Sunset Coast will service the areas of St Helena Bay, Britannia Bay, Shelley Point, Stompneus Bay, Paternoster, Velddrif, Laaiplek, Dwarskersbos, Kersbosstrand, Elands Bay and surrounds.