Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. We strongly urge you to update to a newer version for optimal browsing experience.

Development boosts Klerksdorp property

13 Mar 2014

The Klerksdorp residential property market is showing sure signs of resurgence with extensive commercial development currently taking place in the North West town.

This three bedroom house in Flamwood, Klerksdorp offers a solar geyser, garden with computerised irrigation, patio and built-in braai. It is on the market for R1.22 million - click here to view.

The Matlosana Mall, which is due to open by the end of the year, will soon offer local residents as well as shoppers from surrounding towns such as Lichtenburg, Wolmaranstad and Bothaville the convenience of comprehensive one-stop shopping.

This is according to Adèl Krügel, owner of local agency Harcourts Excellence, who says at the same time, the building of the mall has created job opportunities, swelling the number of people looking for homes to rent. There is a definite increase of interest and enquiries from investors in the buy-to-let market, as residential properties are in high demand, she says.

Stock shortages are common and although the market started favouring sellers in the third quarter of last year, many residents who want to upgrade are holding on to existing properties because of the lack of properties available for sale, she says.

“Developers are showing interest once again and a number of complexes and units are currently being built and works in progress are being revived. There have also been more enquiries lately for land suitable for development.”

Krügel says stock shortages have also stimulated rental demand and caused renewed interest among buy-to-let investors, who target units in the affordable price ranges. Highest demand is in the more affordable market ranging between R2 000 and R5 500 a month.

Klerksdorp offers a variety of properties to suit different needs. Family home prices in the KOSH area (which includes Klerksdorp, Orkney, Stilfontein and Hartbeesfontein) range between R350 000 and R2.5 million depending on size and location, while luxury properties are also available ranging from R2 million to around R3.5 million.

Print Print
Top Articles
The number of bonds granted was up 19.2% in the 12 months to end-September compared to the previous period, with more first-time buyers getting into the market. Read on...

These estate homes in George in the Western Cape offer comfortable family living in serene settings. With prices under R5m, take a peek…

La Lucia Mall has just undergone a major upgrade to modernise and reimagine its retail space, with new shopping options. Take a peek...


Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

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