The activity in the Mossel Bay real estate market is increasing as the character of the town changes from a holiday and retirement destination into a bustling business centre.
The activity in the Mossel Bay real estate market is on the rise as the town makes a change from a holiday and retirement destination into a bustling business centre.
“Mossel Bay is a rising star among SA’s larger towns and smaller cities,” says Chantelle Grard, co-owner of a top performing local estate agency that has just converted to the Chas Everitt International brand.
Mossel Bay was ranked first among the Top 10 municipalities picked by Finweek as being business friendly and offering the best opportunities and potential for growth, she says, adding that the local economy is thriving as more business professionals relocate on a permanent basis and establish new enterprises, helping in job creation.
The town’s location is an important factor in these relocation choices, Grard says. Situated exactly midway between Cape Town and Port Elizabeth, it is 40km from George International airport for those who need to travel on business, and is regarded as the western start point of the Garden Route, which is one of the country’s major tourist attractions.
“Another big plus point is the climate, which has for years made Mossel Bay a destination of choice for holiday home buyers, while a relatively low crime rate and excellent medical facilities add to the attractions for retirees.”
There are excellent schools and sporting, entertainment and shopping facilities in the town, with a third mall currently under construction and plans being hatched for a waterfront development, says Grard.
She says they feel the strongest attraction at the moment is the variety of well-priced homes that offer extremely good value for money. For example, one can still acquire a good seaview stand for R350 000, and home sale prices range between R900 000 and R1.5 million, although luxury beachfront homes start at R3 million and can range up to R26 million.
"Buyers and property investors are definitely beginning to respond to these opportunities and the number of sales in Mossel Bay is rising month by month, with the only real stumbling block now being the strict deposit and lending criteria for first-time buyers," says Grard. It is fortunate that many of those moving from other towns have already sold their previous properties and have cash in hand.
Having been in the real estate industry for more than 25 years, Grard accumulated many awards as a top performer for another national real estate company, until she decided to establish an independent agency along with co-owner Charmaine Deacon.
It is the agency Choose Success, that has been converted to the Chas Everitt brand, and which will become “home base” for all the Chas Everitt agents covering the stretch of coast from Dana Bay to the west of Mossel Bay to Klein Brak and Groot Brak in the east.
Grard says they are excited about the change, particularly as it comes at a time where there is an increasing interest on Mossel Bay Property, and the Chas Everitt International group, with its team of national and international marketing channels will help them satify the interest and give their client's properties the widest exposure possible.