Over the past 9 weeks, since the implementation of a nationwide lockdown on 27 March due to COVID-19, sales contracts worth more than R200 million were signed at Val de Vie Estate, including a record price for a residential property of R35 million. These figures are on par with the R1.2 billion in property sales in 2019.
Ryk Neethling, Marketing Director and Shareholder of Val de Vie Estate commented that: “The sales trends over the past couple of weeks show a high interest from international buyers and current Val de Vie Estate homeowners expanding their property portfolio on the estate and taking advantage of low-interest rates.”
Sales transactions include residential and commercial properties and were concluded based on viewings prior to lockdown and virtual viewings during lockdown. Office space on the estate is in great demand as working from home has become a reality for many businesses.
“Sales and rental enquiries have increased sharply during the lockdown period and are a testament to South Africans looking to live in a place where they feel safe and where they can enjoy the outdoors. As one of the leading Wellness Estates in the world, we believe we are ideally positioned to capitalise on this trend. Enquiries for Val de Vie Evergreen, our retirement village for individuals 60 years and over, saw a 300% increase.”
Val de Vie Estate is the top residential estate in South Africa for 2015 – 2019, rated by New World Wealth.