| Of all the factors influencing the values of upper bracket
residential property probably none is more powerful than horses.
In my view, said Mike Greeff, Chief Executive of Greeff
Properties recently, horses are greedy, expensive luxuries, dangerous
at both ends and uncomfortable in the middle, but the plain truth is
that whenever a property has paddocks, stabling and access to riding
trails it becomes eminently desirable and sought after - so much so
that in our business we have never had enough equestrian homes to meet
the demand.
These remarks were prompted by Greeffs Upper Constantia team
being appointed to sell a five bedroom home on 9,014 m2. The home is
complemented by four stables, paddocks and other external extras such
as a swimming pool, a pristine indigenous garden watered by its own
borehole, a separate cottage, a sunken braai area and staff quarters.
The home, which has equestrian trails leading through the centre of
Constantia and into Cecilia Forest and onto the slopes of Table Mountains
back spine, also has such extras as a wine cellar, a gymnasium, a study
and a billiards/games room. Particularly attractive, said Greeff, is
an open plan white painted country kitchen that has granite worktops
and wood strip floors.
This is one of the many homes in Upper Constantia which I predict
will experience big price rises from the end of this year when interest
rates begin to drop and overseas visitors, encouraged by the favourable
exchange rates, flock into Constantia for their summer holiday and awaken
once again to the great value that Constantia offers property buyers.
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