CAPE TOWN - Plettenberg Bay had property sale transactions worth over R1 billion in 2017, proving to be one of the most sought-after coastal property locations.
According to Property Solutions company, Lightstone's data revealed that Plettenberg Bay has had over a billion rand in transactions over a twelve month period, to end of October 2017.
This is the second successive year for Plettenberg Bay.
‘The local market remains active and agents expect a busy summer season ahead for the sales and rentals market. Despite the weak economic landscape, people are still buying property in Plett, says Seeff’s Licensee for the area, Kevin Engelsman.
Seeff has sold 125 units to the value of over R340 million already for this year to end October.
According to a recent New World Wealth Report, Plettenberg Bay ranked second to Cape Town’s Atlantic Seaboard for millionaire-owned second homes.
Among the reasons that it is a highly desired destination is because the town tops the country’s Blue Flag beaches list with six top rated swimming and surf beaches. These include Robberg 5, Lookout Beach, Keurboomstrand, The Dunes, The Singing Kettle and Nature’s Valley.
Plettenberg Bay is also a hot spot for whale watching and Dolphin spotting. The destination also offers exciting activities such as polo at Kurland, golfing and other sport along with yachting at the Keurbooms River mouth and marina.
Luxury homes range between R10 million to just below R60 million for an exclusive beach house located on Beachy Head Drive, one of the most-sought after addresses in the country with fabulous sea views as far as the eye can see.
Catering for the more modest, home seekers can locate a vacant plot from around R200 000 and an apartment from about R650 000. The houses, however range from a steep R1.5 million.
Located within close proximity to the Garden Route attractions such as Knysna and George, the town also has its own local airport with direct flights from Cape Town and Johannesburg.
- BUSINESS REPORT ONLINE