Choosing to sell property in Oudtshoorn is a tough decision, but if you have decided to move closer to Cape Town and want to find property that will be a solid investment down the line, then a recent article on Private Property may prove valuable to you, as it discusses why the False Bay market is set to take off in the next few months.
False Bay is considered one of the gems of the Western Cape, but the market there dipped to a bit of a low point as ageing infrastructure and a lack of amenities became more of an issue. This was most seen in outlying areas such as Noordhoek and Kommetjie, but the relaxed lifestyle and incredible charm has also seen it catch the eye.
Now, this scenic area just a short drive out from the city is being upgraded, with a number of positive changes starting to create a more favourable investment opportunity.
"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.
These additions are creating a bigger desire to live in False Bay, according to the experts, and this will ensure that property prices start to grow around the area. Right now, the opportunity for buyers is excellent, with everything from plots to modern complexes and freestanding homes available. Prices in False Bay can also range from around R1m to R20 – with many places boasting sea or mountain views.
The increased interest in the area is evident, with the estate agents noting that December 2018 was their best month of the year, and it coincides with the completion of some developments, including the Generation School.