Young buyers boost Kuilsrivier market

The property market in the Western Cape town of Kuilsrivier is showing signs of renewed activity, with young buyers being particularly evident in the market.

“Newlyweds and young professionals striking out on their own are active in the price range between R700 000 and R900 000 and they are targeting townhouses in newer developments. The brand new properties surrounding the recently opened Zevenwacht shopping complex are especially in demand,” says Elton Gallant of the local RealNet office.

“The town, which has seen a lot of new development in the past 10 years, is popular thanks to its central position relative to Cape Town’s CBD, Stellenbosch and the Cape Town international airport, with easy access to the highways,” he says.

Meanwhile bigger, free-standing properties in the older part of Kuilsrivier have caught the eye of investors who see good value for money. Large older homes with price tags of between R800 000 and R1m are being renovated and offered for resale.

Gallant says residents in the older part of Kuilsrivier have also started renovating and extending properties while a fair proportion are upgrading to newer units on the other side of the main road.

The later developments, especially around Zevenwacht, have spurred new interest in Kuilsrivier and thanks to its excellent position and value for money, the suburb is now very well placed to benefit from an upturn in the property market.

Supplied by: www.realnet.co.za