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Two new lifestyle developments in PE

13 Mar 2015

A sum of R4 billion will be used to develop residential property over a 128ha spread of open land located within close proximity to the road to Cape Town and the Port Elizabeth city centre. 

Lifestyle and security developments continue to gain in popularity among buyers, with many placing security as their number one priority when choosing where to buy a home.

This is according to Kobie Potgieter, Broker and Owner of RE/MAX Independent Properties, which operates in and services the greater Port Elizabeth area, who says demand for property in Port Elizabeth is currently outstripping the supply, which has resulted in the need for further residential developments in the area.

She says situated in the Parsons Vlei region, the new area of development will be an investment hotspot with the lifestyle it offers along with easy access to excellent amenities such as the recently opened private Curro School.

Potgieter says lifestyle and security developments continue to gain in popularity among buyers, with many placing security as their number one priority when choosing where to buy a home.

Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says this is not a localised trend, as a growing number of buyers throughout the country are opting for homes within these kinds of developments.

He says with strong demand for property within lifestyle and security estates, these types of homes offer excellent return on investment over the medium to long term.

Potgieter says another development that is set to perform well during 2015 is Crossways Farm Village, which is located in Thornhill, between Port Elizabeth and Jeffrey’s Bay, nestled at the foothills of the Baviaanskloof Mega Reserve, which is a world heritage site.

As a revival of an age-old concept where communities live close to fertile agricultural land, the design of the development focuses on minimising consumption while maximising the resources available to them for the healthiest lifestyle possible.  

With the goal of building more than 700 homes in various sizes and styles, there are currently over 20 homes that are either under construction or completed. With residential areas radiating from the centre of the property, Potgieter says Crossways Farm Village is phased and designed over various walkable neighbourhoods.

The uniquely designed neighbourhoods are integrated between the prime agricultural land and the conservation areas consisting of small, medium and large stands, to accommodate a wide range of income levels and specific needs for various age groups.

Part of the plan for the development is for the community gardens and farmland pastures to receive irrigation via a waste water recycling plant that will connect to the wetland and bird park system, she says.

Potgieter says all the homes within the Crossways Farm Village will utilise solar power and heating, as well as rainwater harvesting for non-potable needs. The homes will also include a smart meter so that the power usage can be monitored and controlled. A life independent from the national grid will become the norm, she says.

Potgieter says the increase in the electricity tariffs and rolling blackouts has seen a trend of home buyers moving towards properties with alternative sources of energy. Homes that are energy self-sustaining will be the properties of choice in the future.

Green features and elements that reduce energy usage are becoming more and more important to investors as environmental issues continue to gain traction, she says.

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