In the area 2 Zeerust
The recent reopening of the Witkop fluorspar mine in the Northwest province has breathed new life into Zeerust, the nearest town.
The mine has already hired hundreds of new employees and the demand for housing, good and services in Zeerust has rocketed as a result, says Ania van der Walt of the local Aida franchise.
Aida is currently the only national real estate company represented in Zeerust and the only agency with agents qualified to NQF4 and NQF5 levels as specified in the new education framework for the real estate industry. What is more, we were named as Aidas top new office nationally in our first year of operation, and this year, which is our third, we are the second highest commission earner in the whole of Aidas northern region not bad for a small town operation!
However, she says, it is not surprising because the Aida team is very involved in the local community. Our blood donation drives here as part of Aidas national campaign have also been very successful because of the number of people we know personally, and later this year we are organising a Big Walk in aid of the local SAVF branch to help support at least 50 homeless families, and a school supplies donation project for underprivileged children going into Grade 1.
In addition, there is now a lot going on in Zeerusts real estate market. There is already a dire shortage of rental accommodation in the town and great opportunities for developers, especially of bachelor and two-bedroom flats. Rentals currently start at around R1500 a month for a bachelor flat and range up to R2500 a month for a two-bedroom unit with one bathroom.
Houses to let are being snapped up almost as soon as they are listed, and rentals for these are between R3000 and R3500 a month for a three-bedroom home with one bathroom, and between R4000 and R5000 a month for bigger homes with two bathrooms.
Meanwhile, says Aida Zeerust principal Robert Jonker, many people are deciding that at these rentals, they might just as well buy a home while interest rates are low, so activity in this sector of the market is also increasing. And on top of this, Zeerust attracts many residents who work in Mafikeng / Mmabatho 70km away but prefer to live here, because our house prices are lower. Prices in Zeerust now range between R600 000 and around R1m.
And at the moment we are also seeing a lot of interest from investors based in Botswana, especially in undeveloped commercial properties in the CBD of Zeerust.
*For more information on the Zeerust property market, or to make a donation towards the Big Walk fundraiser later this year, contact Ania van der Walt on 018-642-1903.
Article by: www.aida.co.za