You don’t need to be a millionaire to buy in Hermanus – but it helps
MORE than 1 200 property transactions worth a total of over R2 billion took place in Hermanus in the first nine months of this year – the highest rand value ever recorded for the town.
Demand for property continues unabated in the small coastal town, says Paul Kruger, Seeff ’s licensee for the area.
“This is quite an achievement. From a small holiday town, Hermanus is now one of the most dynamic coastal property markets in the Western Cape and continues to perform well above expectation, despite the poor economic climate.”
The town and its surrounds have become a sought- after property destination, with luxury properties reaching prices of R20 million to R40m.
A New World Wealth Report named Hermanus as one of the most popular places for multimillionaire- owned second homes, ranking alongside the likes of Cape Town, Knysna, Plettenberg Bay and Zimbali in KwaZulu-Natal.
The latest Lightstone data shows the median price for property in the area has increased by about 12% over the past two years. In fewers than five years this price has increased by more than 40%.
Position and views are highly valued and buyers are, therefore, prepared to pay for a beachfront location and unobstructed views, says Kruger.
Also part of Hermanus’s attraction is Cape Town and its international airport are less than a two-hour drive away.
“This ease of access means that it has become a soughtafter destination for Johannesburg and Pretoria’s wealthy holiday home and retirement buyers, as well as for UK and European buyers looking for a summer home.”
It is also a popular spot for people who work remotely, Kruger adds.
“Hermanus now offers excellent facilities and amenities for residents and visitors. It is the top whale-watching destination, hosts several events and boasts excellent schools, sport clubs, medical facilities and just about every land and water-based leisure activity you could want.
“And, we even have a wine route – the Hemel-en-Aarde Valley.”
However, one does not need to be a millionaire to buy in Hermanus, he adds, saying there is a broad spread of property on offer, from apartments in the R500 000 to R1.2m range, to houses priced from R600 000 to R1.6m.
There are, of course, luxury houses and these range from R1.6m to R6.6m. Top-end properties can cost up to R40m.
Marigold Cottage, a historic property in the area, is currently on the market at R35m. – Property Writer
‘From a small
Marigold Cottage is one of a number of luxury homes in Hermanus.