Seeff Winelands Property Pages magazine | Summer 2017

Property Pages SOUGHT-AFTER AREA

BEKBAAI

WEST COAST

LIVING AT ITS BEST

Cover Property on page 4

www.seeff.com

Winelands | Summer 2017/2018

SAMUEL SEEFF

BUSINESS AS USUAL, BUT A PRUDENT OUTLOOK FOR PROPERTY

W

hile it remains business as usual for the property market with plenty to keep it ticking over, we are seeing a progressive shift to a buyer’s market. Overall trading volumes are now down by 15%-20% from the 2015 highs, with prices having fl attened and serious sellers needing to focus on market related pricing.

Finance Minister, Malusi Gigaba’s recent maiden mini budget pointed to a continued weak economic outlook with poor growth and investment confi dence and rising sovereign debt levels. The inevitable effect is a prudent outlook for property throughout 2018.

We have seen a progressive shift in the property market in 2017 and expect this to continue in 2018. The continued economic and political instability, manifested in low confi dence and growth, will remain an inevitable subduing factor for the market.

Property stakeholders

should note the downgraded economic growth outlook to just 0.7% (from 1.3%), which is expected to only reach 1.9% in 2020. Infl ation is likely to remain in the 5%-6% upper target range, and the currency will continue to be volatile. Although no interest rate hikes are foreseen for the coming months, the rate is expected to remain fl at.

The Seeff property group is looking forward to a busier summer, both from a sales and rental market perspective.

Regardless of the state of the economy, business continues and there will always be a level of buying and selling.

Sellers should note that prices have flattened considerably; stock levels are rising; and they have to compete with more sellers and a declining number of buyers. Many buyers are taking a waitand-watch approach.

While we expect the market to remain reasonably active, sellers will need to keep their price expectations in check.

The market is in

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transition with many areas reporting a shift to a buyers’ market.

Importantly though, not all areas are experiencing the same degree of shift and there are marked area, city and provincial differences.

It is therefore best to work with an area specialist who has been through the various market cycles and can

EMAIL: CHARL@CHAPELLANE.CO.ZA

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best advise you on your selling, buying and letting decisions.

SAMUEL SEEFF Chairman, Seeff TEL: +27 (0)82 452 8110

CONTENTS 04 COVER STORY

21 RIEBEEK VALLEY

06 BOSCHENMEER

24 STELLENBOSCH

09 BRACKENFELL

27 TULBAGH

12 CERES

30 WELLINGTON

14 FRANSCHHOEK

33 WEST COAST

16 MALMESBURY

35 WORCESTER

18 PAARL P R O P E R T Y PA G E S | 3

R5 . 49 5 M I L L I O N M U LTI-LE V E L HOME

DREAM LOCATION IN BEKBAAI

Paternoster is the place of legends. There are few coastal spots along the magnificent South African coastline that has its depth of character, and that also attracts so many interesting characters who call the place home. You can now own your own piece of this paradise, for your own enjoyment, or as an income-generating investment.

P

aternoster is situated on the Cape West Coast, approximately 140 kilometres north of Cape Town. This quaint and picturesque fisherman’s village is one of the oldest towns on the West Coast and it is an ideal spot for those seeking relaxation and an escape from city life.

This stunning multi-level home is situated in the sought-

after area of Bekbaaion the southern side of Paternoster.

It was cleverly designed to offer two separate units, or one huge family home where memories can be created.

Unit A offers three double bedrooms, two of which are at street level with a shared bathroom. The master bedroom is upstairs with an en-suite bathroom.

The open-plan living area offers a huge lounge, dining

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COVER PROPERTY

room and gourmet kitchen, inside fireplace and guest toilet. This unit is also wheelchair friendly.

Unit B offers an open-plan living area with a kitchen, upstairs. Two en-suite bedrooms are located on the ground level for easy access.

This lovely home also features a

laundry room, two storerooms, a single garage and ample parking.

There are various patios on different levels from which to choose depending on your mood and the weather. If you’re looking for a sea view or shelter from the wind or simply a spot for sundowners, you are spoiled for choice.

This property is ideal for letting as holiday accommodation, either as two separate units, or as one 5-bedroom home. The purchase price includes all furniture, appliances, cutlery, crockery and linen.

Speak to our Seeff agent soon, as this is an opportunity not to be missed.

PRICE: R5 495 000 ERF: 603m2 WWW.SEEFF.COM WEB REF: 443049 FEATURES: 5 BEDROOMS, 5 BATHROOMS, 2 KITCHENS, 2 LIVING ROOMS, 1 GARAGE AGENT: MARINA ENSLIN 073 322 7550 | marina.enslin@seeff.com

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