Plett Property April 2011

MORE TO DO IN PLETT OVER EASTER

Each year new events and functions for the whole family are added to the list of things to do in Plett over Easter, which would explain why this the past weekend was so busy. Contestants vied to win great prizes and had a choice of trail running, mountain biking, surf skiing, golf, swimming, deep sea fishing and a Township road race in events like the Plett Easter Games and the Cairnbrogie Easter Trail run (which also hosted an Easter Egg Hunt and Farm Yard Experience to keep the children occupied and live music). There was also a wide variety of music at various venues: jazz, rock, pop, hip hop, marimba and folk. If you weren't here, see you next year.

 

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IS IT THE RIGHT TIME TO BUY PROPERTY?

Consider the following two quotes on investing from Warren Buffet:
  1. "We simply attempt to be fearful when others are greedy and to be greedy when others are fearful."
  2. "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is."

Hein Pretorius, our principal, says: "A leading asset manager in South Africa told me a couple of days ago that now is the time to buy property. With rising petrol and energy costs, inflation and interest rates are sure to follow in the near future."

Property of the month:

 
 

Quality Robberg Beach House

Beautiful 5 bedroom, 5 bathroom beach house on Robberg Beach with panoramic sea views and an awesome relaxed atmosphere. Living spaces on both sides of the home allow for outdoor living regardless of the weather. Swimming pool, study, laundry, games room, double garage, exclusive finishes and security. This is quintessential beach house could be your beach home in Plettenberg Bay.
Call Hein at 083 701 3159000
Offers on R26,000,000 (including VAT)
               

Currently on the market:


Majestic 15ha Waterfront Estate
Offers on R 45 000 000


     Special 4 bdrm River Club home     Offers on R 3 500 000


Turtle Creek Golf Estate Charmer
Offers on R 4 000 000


Spectacular sunrise views over Bay
Offers on R 2 200 000


3 bed, 3 bath, garage, furniture, view
Offers on R990 000


42ha Textbook Hideout: Cozy Cabin Offers on R 3 500 000


Picture Perfect Close to Beach: 4 bed
Offers on R 3 950 000


16.9ha Vacant Land in Roodefontein
Offers on R 1 600 000


Thulana Hill 3 bed, 3 bath
From R 1 098 000

For more property visit: www.plettenbergbay.com

Property Statistics:

 

PLETT PROPERTY REVIEW 2010

Property in Plettenberg Bay has remained subdued, but relatively constant, over the past three years. The number of properties sold in 2010 remained in the mid-200’s, a far cry from the high of 793 in 2002. Average sales prices remained relatively constant since the 2007 peak in the market. 2010 average prices are 5.6% lower than 2009’s, but 8.8% higher than 2007’s.
Over the past twelve years average prices in Plettenberg Bay have grown annually at an overage of approximately 19%, which is above the national average, and demonstrates that property in Plett is a good investment if bought at the correct price. It is currently a buyer’s market.
            The average price for freehold property is currently around R2, 35 million (including vacant plots and houses) and for section title units about R1, 59 million. The entry level for houses remained constant at R1m (off a high of R1, 4million in 2007). The entry level for apartments is R600, 000. In the rural area surrounding Plett 32 smallholdings sold for an average of R3,2 million.
            The highest price so far in 2010 was R21 million for a large older home on Beachy Head Drive. The record highest price so far for residential property in Plett was R50 million for a luxury coastal estate sold in 2006 by Hein Pretorius, the principal of Lew Geffen Sotheby’s International Realty Plettenberg Bay.
            Only one property was registered in the town of Keurbooms in 2010 for R2,9 million.  Six properties transferred in Natures Valley also for an average of R2, 9 million.
            The figures above were taken from deeds information on the 20th of April 2011. Rural property and sales below R200 000 are not included in the graphs, and duplications have been removed (e.g. when a developer buys numerous properties for a single price and each is listed at the full price, only the single figure is taken). A number of sales are still in the registration process, so the picture could change somewhat.
 
Report compiled by Steven Neufeld, Manager of Lew Geffen Sotheby’s International Realty Plettenberg Bay and  Candidate Valuer and Appraiser for South African Property Valuations.  
 

Quote for the day:

"Intellectual property has the shelf life of a banana."     ~   Bill Gates                               

Property Consultants: