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Cape’s Hermanus set to shake up the property market

20 Oct 2019

Analysing real estate markets across South Africa and noticing significant trend changes, it is important to understand the shifts in how South Africans are buying and selling property. Regions that have traditionally been known as “smaller” or “slower” markets are now experiencing a steady increase in demand.

This three bedroom, three bathroom home in Onrus, Hermanus, has an enclosed verandah, pool and entertainment area. It is selling for R3.39 million - click here to view.

"It is exciting to see how many of our offices in smaller towns are showing significant growth and attracting buyers from all over South Africa and the world,” says Harcourts South Africa CEO, Richard Gray. “We're seeing a trend where young professionals are moving into picturesque towns and communities for lifestyle reasons, and one of the hotspots is without a doubt Hermanus in the Western Cape."

The Harcourts Hermanus office consistently places in the top offices in South Africa for Harcourts and includes towns like Kleinmond, Betty's Bay and Gansbaai in their service areas.

This four bedroom, three bathroom home in Vermont, Hermanus, has a koi pond and balcony with sea and mountain views. It is on the market for R4.85 million - click here to view.

Jana Smith, Harcourts Hermanus Business Owner, says one of the most attractive aspects for buyers and investors in the Overstrand is the wide range of property investment opportunities available - there is “something for everyone”.

“From beautiful one bedroom apartments for the young professional or first-time buyer to larger family homes, estate and complex living as well as agricultural opportunities - all nestled by the majestic mountains and ocean."

According to  a combination of Harcourts and Lightstone stats, the average selling price this year for houses in Voëlklip is around R4.185 million. In Sandbaai, the average selling price for freehold properties decreased from R1.605 million in 2018 to R1.55 million in 2019 - and gone up from R705 000 to R920 000 for sectional title units.

This two bedroom apartment in Voëlklip, Hermanus, has a sun room with built-in braai and ocean views and is close to amenities. It is selling for R1.3 million - click here to view.

The average selling price for homes in Onrus grew from R2.104 million in 2018 to R2.75 million in 2019, and from R1.225 million to R2.375 million for sectional units. The average sale price for freestanding homes in Vermont increased from R1.92 million in 2018 to R2.05 million in 2019, and from R1.295 million to R1.31 million for sectional title options.

The days of Hermanus being only a small holiday town are “no longer”, says Smith. “The economic activity has been on a steady rise, and the demand for real estate by buyers in Gauteng, Cape Town and internationally has certainly put Hermanus on the map.”

This two bedroom apartment in Sandbaai, Hermanus, has a private balcony and is close to amenities. It is selling for R1.38 million - click here to view.

One of the advantages of this incredible location is that despite the hive of economic participation, it still has the ”small town” feel, she says, and the sense of community is strong and delivers a unique and rewarding lifestyle, while the property value for money is very high, comparatively.

This five bedroom, three bathroom home in Vermont, Hermanus, offers a braai room, indigenous garden and sea-facing patio. It is on the market for R9.55 million - click here to view.

Hermanus also boasts a fantastic schooling system with both government and private schools, plentiful employment and entrepreneurship opportunities, world-class restaurants as well as shopping malls that cater to everyone's needs.

“As technology becomes part of our lives in such a way that people are able to more frequently work from home, the demand for community-driven living, improved safety and unparalleled views, lifestyle activities will continue to rise, and towns like Hermanus are set to shake up the property market,” says Smith.

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