Struisbaai Draws Cash, Retirees

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20 Jan 2009

The Struisbaai property market, which started to turn slightly at the beginning of October, received a fillip over December thanks to increased enquiries from buyers from Gauteng, the Free State and Cape Town looking for holiday properties.

"There is also an upswing in the number of retirees who have chosen Struisbaai as their preferred retirement home thanks to Struisbaai's peaceful atmosphere, beauty and lack of crime," says Comine du Toit of the local Aida office.

"An interesting feature is that many buy with cash, which facilitates quick sales," she says.

Vacant stands, ranging in price from about R300k to R2m depending on view and location, are also again finding favour among investors, while units in new developments find ready buyers. Du Toit says five out of 31 units in The Tides, a new development in the Greek Mediterranean style, remain unsold. The two-bedroom, two-bathroom units are selling at R900k.

Larger three-bedroom homes with double facilities sell from around R1,5m while properties with sea views command prices of up to R2,5m. Top beachfront properties sell for up to R5m, while B&B establishments with conference facilities reach prices of around R4,5m

Du Toit adds that plans for a new golf development, the Agulhas Golf Links, have been approved.

For more information contact Comine du Toit on 028 435 7400.

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