Af­ford­able Kuils River prop­erty mar­ket is do­ing very well

Weekend Argus (Saturday Edition) - - PROPERTY -

STOCK is tight around the coun­try, but Kuils River is de­vel­op­ing f ast, e njoy­ing healthy buyer ac­tiv­ity and of­fer­ing good value for money, says Her­bie de Klerk of Jawitz Prop­er­ties.

“We’ve had an ex­cel­lent win­ter, with a high turnover in prop­erty sales, and we are sell­ing a lot more plots than we were two or three years ago.

“This is a pos­i­tive sign show­ing peo­ple want to build again, even though build­ing costs are high,” he says.

“When we sell plots, we do so in pack­age deals that in­clude as­sis­tance from an ar­chi­tect and a builder, us­ing pro­fes­sion­als in the area. Buy­ers can have their dream homes built here quite ef­fort­lessly.”

For homes that are al­ready built, De Klerk says he is see­ing mul­ti­ple of­fers on prop­er­ties for the first time in a long while. This is mak­ing prices in the area rise.

“There is move­ment in the higher end of the mar­ket, where prop­er­ties on av­er­age are priced be­tween R3 mil­lion and R5m, and the Zewenwacht Es­tate of­fers good value for money. Many buy­ers from Jo­han­nes­burg are mov­ing to Kuils River. The ma­jor­ity of buy­ers in the area are younger fam­i­lies, many of whom are first-time buy­ers.

“The R800 000 to R1.5m price bracket is the most pop­u­lar. There are af­ford­able homes here and we find that very few peo­ple move out of Kuils River, but rather up­grade in the same area. A big trend is peo­ple mov­ing from smaller homes to big­ger homes close by. There’s a sense of com­mu­nity here.”

In ad­di­tion to its pop­u­lar­ity, af­ford­abil­ity and value for money, Kuils River is close to Stel­len­bosch, Bel­lville, Som­er­set West and the air­port.

He says the av­er­age rental bracket is R5 000 to R7 500 a month, al­though his agency does have some rentals on its books for over R10 000 a month.

“Sec­tional ti­tle prop­er­ties, how­ever, are not com­mon in Kuils River. Peo­ple like to live here be­cause most prop­erty is free­hold. Buy­ers want a yard and space, and Kuils River of­fers that qual­ity of life.”

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