Freehold homes in the Louis Trichardt suburbs are currently selling for between R800k and R1,4m, while sectional title units in the R1m to R1,4m bracket are selling well.
"Meanwhile, the emerging market in the area is also on the up. Many are seeking to upscale to the town from the nearby township of Thohoyandou, the old capital of Venda, where properties range in price from around R300k to R1m," says Jana Smith, principal of local agency Homenet Jana Marie.
"And in Makhado Park, a number of buyers from rural areas are beginning to filter in. Extension 8, which was been purpose-built to serve this market, has proven particularly popular, with homes ranging in price from R300k to R600k."
She says foreclosures and auctions have yet to occur on any scale, and retail and residential development is going ahead.
"For a start we have a strong farming community (game, tropical fruit) which supplements the local demand for accommodation. The town is also a popular tourist destination famous for its baobab trees and rare bird species as well as game watching, hiking and mountain climbing and biking facilities, and this boosts the demand for guesthouses and B&Bs."
Also driving demand for property in the area is its proximity to Polokwane, the provincial capital, with many government employees preferring to live in Louis Trichardt and commute, Smith says.
For more information contact Jana Smith on 015 516 1526 or click here to visit the website.
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