09 Oct 2007
While Oudtshoorn is internationally known for its ostrich industry and Cango Caves, this scenic Klein Karoo town is currently experiencing a surge in growth in terms of the residential property market, with buyers both young and old buying homes and moving in.
Jacques de Beer, Pam Golding Properties (PGP) area principal, says house prices range from an entry level of R450k for a three-bedroom home to R850k for a spacious, four-bedroom family home.
"With a high-end market between R1m and R2m, it represents sound value for money for those relocating to Oudtshoorn from areas such as Gauteng and from overseas countries such as Germany, Belgium and England.
"In addition, we are experiencing an increase in commercial property and business buyers, as well as developers seeking new opportunities," says de Beer.
He says other areas in the nearby vicinity, such as Ladismith, Calitzdorp, Uniondale and De Rust, also enjoy a steady stream of residential property registrations.
With its appealing stone masonry, Oudtshoorn is set amid a scenic area with numerous rivers, streams and waterfalls which originate in the nearby mountain ranges. It boasts its own vineyards, fine restaurants and some 400 ostrich farms and is home to the Klein Karoo National Arts Festival.
In the area there's also a famous cheetah breeding station - which includes Bengal tigers, leopard and lion - a fine example of a successful eco-tourism project.
Investment potential in homes is promising, with a four-bedroom home with a flat situated in a good area which sold for R250k in February 2003, recently sold for R920k - without any renovations. During the six month period from September 2006 to February 2007, Oudtshoorn saw 65 property registrations in the price range from R400k to R800k, and 21 priced between R800k to R2m.
Image 1: This sandstone house in Oudtshoorn is priced at R750k.
Image 2: This sandstone home in Oudtshoorn is marketed at R780k.
For more information contact 082 897 8262 or send an email.
Have a comment or question about this article? Email us now..
Get up-to-date property news
Would you like to receive free weekly news and information about property in South Africa? Sign up now for Property24's Week in Review.
Click here for more property news articles.
Need a blog?
Start your own blog with a free blog from 24.com.
Apartment / Flat for sale in Klopperpark R 680 000
House for sale in Montana R 1 650 000
House for sale in Middelburg South R 1 500 000
House for sale in Hartbeespoort R 1 500 000
House for sale in Hartbeespoort R 1 050 000
Apartment / Flat for sale in Green Point R 3 295 000
Apartment / Flat for sale in Bedford Gardens R 1 050 000
House for sale in Bedfordview R 4 500 000
House for sale in Del Judor R 1 895 000
House for sale in Oriel R 5 900 000
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724