Route 62 leads foreign buyers to Montagu

Montagu on Route 62 in the Western Cape’s Klein Karoo has become a favourite destination among overseas property buyers.

Johan Gous of the local Aida estate office says the town’s position between the Keisie and Kinga Rivers on Route 62, SA’s scenic version of America’s famous Route 66, gives it great exposure among local tourists and international visitors.

“The hot mineral springs, hiking trails, rock formations that challenge mountain climbers from around the globe, and typical Klein Karoo flora are among the attractions that make tourists linger.

“Although Montagu’s home market is underpinned by local buyers and retirees from various parts of the country, overseas buyers are becoming very evident. Average house prices range between R700 000 and R850 000 but international buyers are typically active in the price range between R800 000 and R1,5m.”

He adds that Montagu is a prime example of a late Victorian agricultural village, while many historical Cape Dutch and Georgian buildings have also been preserved as national monuments. Most of the thatched Cape Dutch buildings date from the period between 1853 and 1870.

“Montagu still depends on agriculture to keep its economy ticking over, but tourism and the guest house industry are making an important contribution. Visitors are attracted by the very agricultural nature of the town, which implies a slower pace and a setting among the vineyards that supply the local winemakers.”

Gous reports that demand for smallholdings surrounding the town is steady among would-be small farmers as well as lifestyle buyers who require space. Prices of holdings range between R2,5m and R3,5m.

“Recent commercial development, including well-known retail stores and fast-food outlets, has created job opportunities and has added additional appeal for out-of-towners who are considering relocating to Montagu,” he says.

Article by: www.aida.co.za