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PROPERTY NEWS
12 SEPTEMBER 2020
Neighbourhood
Property focus
Winelands living Set against a spectacular backdrop of mountains and awe-inspiring natural beauty, the Cape Winelands are internationally renowned for their excellent wine production, hospitality industry, and world-class tourism hot spots, attracting both local and overseas investors WORDS: HELÉNE MEISSENHEIMER
A
s the iconic image of living the South African dream, estate living in the Cape Winelands continues to attract a high level of interest across the buyer spectrum. Owning a property in the Winelands is an aspirational goal for everyone from overseas property investors to city-dwelling families looking for a safer and more tranquil space and retirees wanting to downscale to picturesque lifestyle villages. A popular retirement spot due to its unrivalled scenery, the Cape
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Winelands also offer estate living on multigenerational developments with adjacent retirement villages, golf and country estates as well as smaller boutique estates.
Choice
It would be a mistake, however, to think that living in the Winelands is a possibility only for the ultrarich. On offer is everything from modest twobedroom apartments to freestanding homes and smallholdings to accommodate buyers with a penchant for country living.
In line with changing global trends as reported by New World Wealth, local developers are also creating small neighbourhoods within these estates. This allows for more open spaces and parklands, unlike the old model where homes were spaced evenly throughout an entire property.
Solid investment
Perennially popular, lifestyle estates are proving to be a secure property investment option that’s sought after in these uncertain times. According to Chris Cilliers, CEO and co-principal, Lew Geffen Sotheby’s International Realty in the Winelands, the estate sector has remained fairly constant over the past two years. This is confirmed by the AfrAsia Bank’s SA Wealth Report for 2019, which indicates that the Paarl, Franschhoek and Stellenbosch districts saw growth of 21% in the area’s wealth markets over the past decade.
ACORN CREEK LIFESTYLE ESTATE, SOMERSET WEST
PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING
Property experts predict that lifestyle estates will continue to draw buyer interest despite economic and political uncertainty. Andrew Golding, chief executive, Pam Golding Property group, highlights an increasing demand
for homes in secure lifestyle estates as one of the trends evident in the marketplace as lockdown restrictions eased.
Playground of the rich
Owning a Cape Winelands property has long been viewed as a mark of personal and financial success. Residential estate living is also a growing trend among the affluent. New World Wealth estimates that more than 40% of South African high net worth individuals (HNWIs) live in or own homes in residential estates, says Pam Golding Properties senior research analyst Sandra Gordon.
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