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Demand For Properties in Hout Bay Rises

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Over the past few years Hout Bay has seen an increase for residential security estate property from European buyers.

— “Investor confidence in Hout Bay has been on the rise since last quarter of 2011, Hout Bay has seen significant investment especially from younger families from Gauteng that settle here for a village vibe,” said Shaun Kramer of Lola Kramer Realty. It is interesting to note that more than 30% percent of property sales in the greater Hout Bay area was made by people already residing here. The bay is accessible through only three roads. Over the past few years Hout Bay has seen an increase for residential security estate property from European buyers. This is mainly because the bay is naturally sheltered by mountains with the world famous scenic route Chapman’s Peak Drive and a working harbor.

Hout Bay has approximately 28 suburbs which include areas like Scott Estate and Beach Estate for family homes, and then some gated communities like Klein Leeukoppie, Kenrock, Bergendal, Ruyteplaats, Tierboskloof and Hanging Meadows which are secure estates to luxury sea view properties in and around those areas and including a few more. Horse riding is easily accessible and fun for the family – some larger properties offer stabling and practice arenas. The increased demand for properties in Hout Bay has made the entry level market of R2.0 MIL sought after. Property prices have seen a significant increase in comparison with the neighboring suburbs along the Atlantic Seaboard for similar value. A large number of Hout Bay properties have sea and mountain views, with easy access to the beach. Recently property prices have increased in comparison to other parts of the Atlantic Seaboard. Hout Bay is situated on the southern tip of the Atlantic Seaboard near Cape Town. This unique location has contributed to Hout Bay being among the top five property investment areas in South Africa.

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Contact Info:
Name: N Maritz
Email: Send Email
Organization: Business Marketing
Address: 20 Main Rd, Hout Bay
Phone: 27217904439

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Source: MarketersMedia

Release ID: 1422

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