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 Attractive
prices and abundant stock are once again drawing homebuyers to Pretoria’s
popular Moot area.
Jaco Bouwer, owner of the local Chas Everitt International office, says
buyer interest in the area has increased fourfold since the middle of
the year. “Buyers are, however, doing their homework and can afford
to take their time to hunt for homes that will suit their lifestyles as
well as their pockets.”
He says that prices are starting to stabilise, but are still at levels
last seen in 2006 and that informed buyers are finding them very attractive.
“They are also being encouraged by better access to bond finance
and lower interest rates, which contributes greatly to affordability.
“In addition, many of the homeowners who have found themselves under
pressure to afford repayments on their mortgage bonds are taking advantage
of the bank programmes to help them market their properties before they
are foreclosed, and these properties are generally marketed at very competitive
prices.”
Prices in the Moot start at around R400 000 for apartments and R700 000
for houses. There is high demand in suburbs such as Waverley, where large
family homes can be bought for around R1,1m, but the highest turnovers
at the moment are being achieved in suburbs such as Rietfontein and Villieria
where three-bedroom, two-bathroom homes are selling for between R750 000
and R1m.
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Newsletter:
3 February 2012 to 10 February 2012 - Krugersdorp, Gauteng, South Africa
