CWE ANNUAL 2020 PROPERTY REVIEW
Llandudno Property Report - With so many unexpected twists and turns in this turbulent year of a global Covid 19 pandemic, we would have possibly predicted the worst for our local property markets but the contrary is true.
Llandudno property has shown huge resilience with buyers rushing to invest in their piece of this beautiful heaven once the lockdown had ended. A total of 7 properties were sold to a value of R165 000 000 which was 3 times the volume of 2019 so we are very encouraged by this trend. We remain market leaders selling more Llandudno property than any other local company. We are grateful to our sellers in Llandudno who have supported our dedication and commitment to selling Llandudno property over the last 26 years and look forward to a vibrant 2021.
We welcome the return of our International and upcountry buyers and have noticed a heated uptick in enquiries. A note to investors is that we forecast an property price increase in 2021 with depleted stock levels so try to secure your property investment today to avoid being disappointed.
Llandudno Rental Report - We have found the trend for the local property rental market to be buoyant over the last 6 months and have continued to receive a steady flow of enquiries from people looking to settle in Llandudno. The enquiries are very broad in range from smaller apartments and comfortable family homes, to high end luxury villas.
Our feedback from these clients is that due to Covid restrictions, people are spending much more time at home. Many who currently live in the city or built up suburbs, are now looking for a total lifestyle change, and wish to be close to nature, with beautiful beaches and the ocean on their doorstep. Due to pent up demand, we have been extremely busy across the board with rentals and are short of stock from long term to short term from people wanting to seek refuge in Llandudno.
We are aiming to add more long term property options in Llandudno to our portfolio in 2021 to meet the demand of our clients.
Hout Bay Sales Report - We have noted that Hout Bay has seen a migration of people from Gauteng and KZN as well as foreigners looking for a safer and more peaceful lifestyle and Hout Bay which is affordable and beautiful with beaches restaurants and good schools is first choice.
A total of 90 sales to the value of R370 000 000 was sold over the last year in Hout Bay with an average asking price of R5 500 000 and an average selling price of R4 700 000 (14% differential).
Demand has been spread across the board from starter homes / flats to freestanding homes as well as homes in our many beautiful security estates.
We look forward to guiding you wether buying or selling in Hout Bay
Stay safe everyone and please do not hesitate to contact us at anytime. Margie, Clare, Fiona, Terry, Arlene, Brigitta & Jane