The Accelerated Growth of Properties in Secure Lifestyle Estates
Category Buyers Guide
In a recent survey, we discovered a notable trend in the buyer demographics of two residential developments having recently been sold by us. Both of these new developments are situated in completely different regions in the Western Cape - one being in the picturesque Stellenbosch Winelands, while the other is situated in the bustling Cape Town CBD. What both these developments have in common is that they achieved higher than average prices per square meter for similar properties in the same area.
Interestingly, nearly 40% of purchasers hailed from upcountry areas, including Pretoria and Johannesburg. This data indicates a strong connection between security estates / complexes and higher property prices, especially for investors from Gauteng and similar regions who actively seek out secure residential options.
Secure lifestyle estates in the Western Cape have emerged as the frontrunners, experiencing faster appreciation compared to other properties.
The following factors are what up-country and local buyers are looking at when viewing and purchasing property -
Exclusivity & Prestige
Gated access, stringent security measures, and high-end amenities create an allure that attracts discerning buyers. The limited supply of properties within these security and lifestyle estates enhances their desirability, leading to increased demand and subsequently driving up their value.
Enhanced Lifestyle & Amenities
Secure lifestyle estates provide residents with a comprehensive range of amenities, designed to enhance their quality of life. From well-maintained green spaces, recreational facilities, and fitness centres to concierge services and community events, these estates offer an unparalleled living experience. The availability of such amenities adds significant value to the properties within the estates, fuelling their rapid growth.
Peace of Mind & Security
In an increasingly uncertain world, security is a top priority for homeowners. With dedicated security personnel, surveillance systems, and access control measures, these estates offer residents a secure environment. The perceived value of this enhanced security contributes to the faster appreciation of properties within these estates.
The accelerated growth of properties in secure lifestyle estates can be attributed to their exclusivity, enhanced lifestyle amenities, and heightened security. The combination of these factors has resulted in increased demand, limited supply, and a strong sense of value among buyers. As a result, properties within these estates have consistently outpaced the growth of other residential properties in South Africa's real estate market.
Having marketed and sold highly desirable lifestyle estates throughout the Western Cape, we as Louw & Coetzee Properties believe in the long-term investment return on these properties. Have a look at our current new developments for sale.
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For more info, contact Johan de Bruyn 082 881 2011.
Written by: Francois Louw
Author: Louw & Coetzee Properties
