R1.2 BILLION IN SALES BUCKS RESIDENTIAL PROPERTY TREND

11 December 2019, Val de Vie Estate – Despite gloomy sales figures in the South African property sector, Val de Vie Estate continues to shine in the residential market, with 235 sales amounting to R1.2 billion registered over the last 12 months. A further 100 sales will be registered in early 2020 in The Acres, Val de Vie Evergreen and in the phase two development of Pearl Valley Hotel by Mantis.

This is significant on several levels.  Firstly, in total rand value but also in the number of sales, which demonstrate liquidity and excellent capital growth for Val de Vie Estate homeowners and investors.

The semigration trend has slowed marginally, largely because of a challenging Gauteng property sales market. However, Gauteng buyers investing in Val de Vie Estate in the R15 million and upwards range, were very strong in 2019.  There was a noticeable increase in buyers from Cape Town’s Southern Suburbs and Atlantic Seaboard, who cited the need for world-class security as a key factor in their decision making. International buyers also showed increased interest, taking advantage of the weakened Rand and enjoying excellent value for their investment. The average age of investors in Val de Vie Estate was in the 53-year-old range.

Val de Vie Estate is situated between Paarl and Franschhoek and is located 35 minutes from Cape Town International Airport and Cape Town, and a 16-minute drive from Stellenbosch. The estate’s reputation as the safest in Africa has attracted families, international buyers and retirees to invest in a lifestyle where peace of mind, wellness and natural beauty are priorities.

Facilities at Val de Vie Estate are unrivalled in South Africa.

Rated by New World Wealth as the Top Residential estate in South Africa from 2015 – 2019, the estate’s features include architecturally designed housing, lakes, vineyards, polo fields, equestrian facilities, the L’Huguenot wine cellar, farms, landscaped gardens, parks and open areas where children play safely outdoors. Active residents have access to a 42-km running and cycling trail, fishing and picnic spots along 7 km of the Berg river bordering the estate, the iconic Pearl Valley Jack Nicklaus Signature golf course, tennis and squash courts, and indoor and outdoor swimming pools. For those who are health conscious, Camelot spa and wellness centres are popular drawcards. The estate’s Fleet coffee roastery and outstanding restaurants offer social meeting hubs and create informal business platforms.

For interviews with Ryk Neethling, Val de Vie Estate Marketing Director and Shareholder, please contact pr@valdevie.co.za

2019-12-11T12:22:43+00:00

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