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.
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