If you’ve been looking to sell property in Mossel Bay and head closer to the action in the Mother City, then Private Property’s recent article about the rise of the False Bay property market may be of interest to you.
Whether you are looking for a solid investment, or just a new home in a scenic part of the Western Cape, then False Bay may just tick all of your boxes. The market there has been in a bit of a slump in recent times, with the outdated infrastructure and a lack of amenities holding it back from potential greatness. However, this weakness was identified and there have been some impressive steps to change this.
According to local property experts, areas such as Kommetjie and Noordhoek will benefit greatly from the changes. These areas were a little further out and although they offered some incredible scenery, their distance from modern conveniences was forcing investors to look elsewhere. This is all set to change in upcoming months though.
"There has been substantial investment in the area, from improved roads and connectivity to shopping malls, galleries, restaurants, retirement homes and residential developments, but the real game-changer is the Generation School which opened in Imhoff on 23 January," said Steve Thomas, Lew Geffen Sotheby’s International Realty Franchise Manager in False Bay and Noordhoek.
This is a smart move by developers, as it makes the area more desirable as a place to live, which in turn will assist in lifting property prices. Right now, you can still get excellent value for money in the area, with a wide range of property options at prices between R1m and R20m.
Assessing the year on a whole, it was noted that the estate agents enjoyed their best month of the year in December, which signals that there is growing interest tied to the completion of new developments.