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Plettenberg Bay Property February 2016 |
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Plett Property Review2015 saw R705million worth of property sales in Plettenberg Bay. Overall, the market remained relatively constant over the past seven years with around 220 and 350 units sold per annum. However, there was a ±6% decrease in both total value of sales and a 3% decrease in average prices from 2014 to 2015. A few more sales from 2015 will register over the coming months, so the figures may change somewhat. This decrease is partially due to an uptake of vacant land and the lower end of the market seeing a recovery. Interestingly, estate agents in Plett feel that 2016 is going well so far, with lots of buyer interest, both national and international, in spite of the socio-political climate in South Africa. Plett is following the “semigration” trend of South Africans moving to the Western Cape, so demand is steady even though affordability is low. With the weaker Rand, foreign buyers have also increased substantially. The average price for sectional title units is currently about R1,1million and for freehold property is currently around R2,46million (vacant land and houses are included). The entry level for apartments is R550,000. Vacant land starts at about R199,000. The entry level for houses is around R1,1million (off a high of R1,4million in 2007), though there are cheaper options in areas surrounding Plett. Over the past ten years, which includes the crash, average prices in Plettenberg Bay have grown annually roughly in line with inflation. Looking further back to 15 years, the annual growth increases to ±9% per annum. |
Pretorius says: “2015 was a record year for our office. We saw high interest in most sectors and good value properties were available. 2016 has followed suit with record months for us. Stock levels have decreased and less stock is coming onto the market. Popularity of gated estates has increased significantly. Estates like Whale Rock Ridge and Brackenridge have little stock available and prices are increasing.” [email us for the full review with large graphs] |
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Property of the MonthBobbejaanskloof Private Nature Reserve: African Splendour 150 hectares in the Uplands area, a few minutes from Plett, hidden in tranquil surroundings at the foothills of the Tsitsikamma Mountains, boasting changing scenery as you move across the different areas, with magnificent indigenous gardens that surround the main farm house, managers' cottages and offices, Mountain Fynbos, Afro Montane Forest, flat grazing lands and a steep, forested kloof. Meticulous attention has been given to environmental integrity. Cleverly designed 4 bedroom, 4 bathroom main house, 3 private manager's cottages, unique braai pavillion, vegetable garden, nursery, fully fenced and ample water. Featured in magazines. This is an opportunity of a lifetime. Must see to fully appreciate. Offers on R20,000,000 Call Hein: 083 701 3159 |
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Currently on the Market |
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Keurbooms River with 70m water frontage; ImmaculateOffers on R 9 950 000 |
5 ensuite Bedrooms: Quiet Elegance in BrackenridgeOffers on R 8 500 000 |
Upmarket Sea View Home 5 Bedrm, 4 Bathrm, PoolOffers from R 9 800 000 |
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Family Home: 4 Bed, 3 Bath, Pool, Jacuzzi, Double GarageOffers on R 3 050 000 |
Beautiful Bay Views: 3 Bed, 3 Bath, Study, 2 GarageOffers on R 3 200 000 |
Brand New Gated Estate on Beachy Head Dr; Sea ViewAsking R 19 950 000 incl. VAT |
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River Club House & Plot: 4 Bedrm, 3 Bathrm HomeOffers on R 4 300 000 |
4 Bedrooms, 3 Bathrooms, 2 Parking Bays, FurnishedOffers on R 2 305 000 |
Riverfront Apartment: 3 Bedroom, 3 BathroomOffers on R 1 840 000 |
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Private Edition Free Online & SubscriptionA quarterly high-end quality publication, Private Edition is a provocative and intelligent read. Features include the latest in glamour, style, architecture, fashion, leadership, art, motoring and travel. Lew Geffen Sotheby's International Realty is gladly associated with this high-end quality magazine. Click here to read the latest edition and/or to subscribe for free: |
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Quote for the Day“If you think hiring a professional is expensive, wait till you hire an amateur.” ~ Red Adair |
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Eyethu Educare Centre |
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Sotheby’s International Realty Plettenberg Bay is the Drop Off Point for The Soup Kitchen and Ayethu Educare Centre In need of dry/canned food, new/used clothing, toys, stationary, essential goods, etc. to assist with feeding over 300 people in need daily and educating children who have lost their parents. Please drop off any donations or goods at our offices at: 25 Main Street, Summer Hill Building, Plettenberg Bay |
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Property Consultants
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