3 Bedrooms | 2.5 Bathrooms

From the principals desk

What a year for Plett! Our town has gone from strength to strength, with the strong property market continuing through 2022. We look forward to welcoming this year’s Matrics to Plett for the annual Plett Rage Festival as well as the influx of visitors for the festive season on the horizon.

In 2021, the Bitou Municipality recorded property transfers of approximately R2,4 billion which was more than double the total for 2020. It was expected that this figure would drop significantly for 2022, however, the registration figures, as of writing at the end of October 2022, have reached approximately R2,34 billion and are on track to match and surpass the 2021 record.

The national residential property market is showing signs of weakness, with new construction projects drying up and sales figures flattening out. With the looming recession in the US and significant uncertainty in Europe, it is unclear how our local property market will be affected. It is a strong sign that we are still seeing significant demand and appetite for our little slice of paradise here in the Garden Route.

Thanks to everyone for the year that was, and here’s to 2023 being another record-breaker for our beautiful town.