Hout Bay 'Hots Up’ with upcountry buyers looking for secure, convenient lifestyle
The Hout Bay market has rebounded almost double this year compared to last year - with upcountry buyers specifically fuelling the estate market and in the face of the emergent trend to move away from the city and live a more easy-going lifestyle, Hout Bay is the perfect location!
This year saw 66 sectional title properties, 182 freehold homes and 24 vacant stands changing hands by the end of November, compared to 2020 when 30 apartments, 110 houses and 9 plots were sold.
Buyers are attracted by Hout Bay’s unique, easy lifestyle and proximity to the city and demand for secure estate living in the area has risen sharply in recent years, precipitating a spike in development with estate homes now accounting for almost a quarter of the property landscape.
Another significant drawcard is that Hout Bay offers investors a diverse range of properties, from modern lock-up-and-go units and secure lifestyle properties to quaint old cottages and sprawling mansions on large grounds, as well as a number of equestrian estates.
Please don’t hesitate to call us at anytime. We will be delighted to hear from you.
Best to all,
Margie, Clare, Fiona, Arlene, Terry, Alison & Jane