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Sep 26, 2019, 8:21:07 PM

Cape Winelands property market bounces back after drought

Topics: Harcourts South Africa, Property Markets, buying and selling, Harcourts Real Estate, Harcourts Winelands 0

As the dust begins to settle after the dire Western Cape drought and the dams are nearing full, we've similarly seen the property market in regions such as Paarl, Stellenbosch and Franschhoek gain ground. It was undoubtedly a tough period the past 18 months with many investors hesitant to invest in the Western Cape market due to water restrictions, tough economic landscape and the political issues surrounding land."Although some concerns remain with regards to these topics the stability in the market has certainly returned to its equilibrium. There has been a significant amount of interest and demand continues to rise in the Cape Winelands," explained Eberhard Kruger, Harcourts Winelands business owner.

The towns in the Winelands are highly sought out regions, they offer diverse real estate markets that present property opportunities to anyone from a first time home buyer investing in an apartment to luxurious homes in security and lifestyle estates like Val de Vie.

"Real estate is a long-term investment and buyers must know that short-term economic fluctuations and political interference rarely hinder the market growth of property. The Cape Winelands is a perfect example of this as buyers from all across South Africa identify the Winelands market as a high return on investment property opportunity. The fantastic schools, close proximity to universities, picturesque towns with phenomenal activities and central locations to business districts are some of the reasons of the high demand," said Richard Gray, Harcourts Africa CEO.

The expansion of regions like Paarl and the building of exciting new developments in Franschhoek ensures that the Cape Winelands will continue to gain momentum.

There is an international movement by young professionals to make lifestyle choices based on surroundings and quality of life as more and more people work flexible hours and move away from the traditional work day. This trend has seen many young professionals and entrepreneurs gravitate towards the Winelands.

"Our Harcourts Winelands office is a top rated office nationally within Harcourts and our agents are highly knowledgeable about their markets and the local property landscape. We offer expert insight into trends and our innovative marketing efforts make a massive difference to your property's exposure," concluded Kruger.

Statement by
Richard Gray
Harcourts Africa Chief Executive Officer

Eberhard Kruger
Harcourts Winelands Business Owner