Hermanus is the next hot commodity
When investing in property for commercial or private reasons - location is imperative. Finding the ideal home in an area which is consistently developing and privileged with natural attractions will ensure that your property buy will certainly appreciate year on year.
Such a location can be found in the Western Cape’s, Hermanus. Latest reports indicate that the area is the next “hot commodity” on the market and new developments are now popular among homebuyers.
These developments are attracting a huge interest, so much so that the fallout from South Africa’s struggling economy has not affected the region. Its micro-economy provides a safety net that ensures a vibrant year for sellers, developers and buyers.
Notable Transformation
Hermanus has transformed in leaps and bounds in the last five years, and provides an abundance of new developments in its business hub, as well as new residential developments including beachfront apartments.
With focus firmly on economic growth, new centres and businesses are being undertaken at a healthy pace. This means that an increasing number of jobs will be available for residents, ensuring a secure financial future.
Blueprints for further developments are expected, all of which are taking the town’s history into consideration. The plans are being approached in a way that ensures the historical integrity and splendor of Hermanus is preserved and enhanced for future generations.
Demographics
The demographics of the suburb has been changing with the times. In the past it was considered a market for older people but now it is attracting a much younger professional class, owing to its burgeoning economy and growing commercial sector.
Hermanus has a reputation as a holiday destination and as a place to relax during weekends, but an increasing number of people are choosing to settle down here, and this trend has directly increased property values.
Previously house prices used to struggle to reach the R5 million to R10 million mark but last year it saw several R20 million-plus sales.
Fernkloof Estate
The well-established Fernkloof Estate is the only 27-hole golf-course in Hermanus. Lew Geffen Sotheby's International Realty owns the highest market share in the estate, and the realty has stated that Fernkloof has been a firm favourite among homebuyers and investors.
There is a total of 7 properties from Fernkloof Estate ranging from opportunities to build your own home on vacant land or invest in completed homes.
For R6 200 000, there is a five-bedroom home, with an open plan living area, a braai room and an established garden and swimming pool. The property is walking distance to schools and the village.
With a slightly lower price tag, at R5 370 000 you can purchase a five bedroom home on the golf estate. It is a double storey property with a swimming pool, double garage and a separate golf car garage.
Investing in Hermanus's property allows residents to live in a prime location that brings in high returns on investments, let Lew Geffen Sotheby’s International Property Realty allow these possibilities to open up.
25 Apr 2016
Author Lew Geffen Sotheby's International Realty