You don’t need to be a mil­lion­aire to buy in Her­manus – but it helps

Weekend Argus (Saturday Edition) - - PROPERTY -

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

PIC­TURE: SE­EFF

Marigold Cottage is one of a num­ber of lux­ury homes in Her­manus.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.