27 Jan 2010
So says John du Toit, Seeff's principal for the area, who adds that although there hasn't been a recent spike in permanent residents in Pringle Bay, permanent residents have been increasing over the years. "Pringle Bay is still very much a resort town, but the permanent residents are trickling in.
"The biggest reasons for this trend are the crime and convenience. Pringle Bay is virtually crime-free and people choose to commute to Stellenbosch and Somerset West because of their close proximity."
Pam Golding Properties' (PGP) area manager, Mike Bisset, says 50 properties changed hands in the towns during the course of 2009. "The towns are still only about 60% developed, with ample opportunities existing to acquire vacant plots."
"Many of the weekenders are also expressing long-term plans to retire to the area or move there permanently in the near future. The opening up of a private primary school in Pringle Bay has made this a viable alternative for young families seeking to live away from the hectic pace of the city," says Bisset.
"Pringle House has now been open a full year, and is drawing pupils both from the Pringle Bay area and from nearby Betty's Bay. We anticipate that it will continue to grow as more and more families recognise the lifestyle factor on offer in this area. The challenge of course is securing an income from a more remote location – but we are seeing many residents happily commuting into Somerset West or Hermanus, or conducting their own businesses from home via the internet."
Among PGP's recent sales was a two-bedroomed seafront cottage in Rooi Els, sold for R3,5m, and a three-bedroomed home in an elevated position overlooking the beach at Pringle Bay, which sold for R3,6m. The company also sold two vacant stands – one a 600sqm plot within walking distance of the beach, and one a 1000sqm erf with distant sea and mountain views – for R270k.
Du Toit says houses under R2m are most popular at the moment while entry-level properties can be had for R850k. "Plots aren't selling very well."
"It's mostly families buying in these towns and we've seen a fantastic uptick in sales since December despite the market still being relatively quiet. Our biggest recent sale was a house that went for R3,5m."
PGP's current mandates include a wide selection of homes, from waterfront properties priced between R2,9m and over R7m, to vacant 600sqm erven on the market at R270k.
Bisset adds that after a flurry of building plans being approved in early- to mid-2009, there has been sustained building activity and development in the towns. Plans are also afoot to install a surveillance camera at the entrance to Pringle Bay, boosting security in what is already a low-crime area. The camera is expected to be operational by mid-2010. – Eugene Brink
For more information contact John du Toit on 028 273 8808 or PGP's Nicola Lloyd on 028 273 8326.
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