If you own property in George and are looking for the ideal investment opportunity elsewhere in the Western Cape, then a recent article on the Private Property website would certainly be of interest to you.
According to property experts, False Bay's market is set to boom in years to come due to the vast amount of upgrades. The outdated infrastructure and a certain lack of amenities has hurt the area in the past as it dropped to a bit of a low point, but the charm and unique lifestyle it offers has always made it intriguing.
Now, this scenic section just outside of the Mother City is bringing in added convenience and is set to lure in a number of investors. According to experts some of the areas that will benefit most include the likes of Kommetjie and Noordhoek, which have offered incredible views but lacked general conveniences.
"There has been substantial investment in the area, from improved roads and connectivity to shopping malls, galleries, restaurants, retirement homes and residential developments, but the real game-changer is the Generation School which opened in Imhoff on 23 January," said Steve Thomas, Lew Geffen Sotheby’s International Realty Franchise Manager in False Bay and Noordhoek.
This addition to the area makes it a more desirable place to live, and by doing this it in turn drives the property prices up.
There is also an incredible range of affordability here, with potential buyers having a choice of everything from plots to townhouses and freestanding homes, many of which offer mountain or sea views. And prices move from around R1m all the way up to R20m.
It was also noted that December 2018 proved to be their best month of the year, which ties into the launch of the new school and completion of other upgrades in the area.