In the area 3 – Fishhoek

The Fishhoek property market has experienced a spate of activity in recent weeks as enquiries and sales steadily increase.

So says Lorna Stiger, sales agent for leading local agency Harcourts Maynard Burgoyne, who notes that the recent interest rate cut and the possibility of further reductions has galvanised buyers into action.

Properties priced around R1m are proving the most popular currently and showhouse interest is increasing. The rental market is brisk with stock being rapidly depleted.

Says Stiger: “Despite a slight drop in property values, Fishhoek is bouncing back more quickly than other areas, largely because it is so appealing. The people are friendly, it’s well serviced and the crime rate is low. It’s a family-friendly environment, the setting is stunning and demand has remained solid. Indeed, the market here slowed but never dropped completely.”

Attractions in the area include a safe beach where sailing, surfing and fishing take place. Fishhoek is also home to a variety of good schools and churches, a well-stocked library and a number of upmarket restaurants and shops. Outdoor clubs and sports fields are plentiful and the Clovelly Golf Club is within easy reach. The scenic Ou Kaapse Weg and Main Road enable easy access to all major amenities.

Stiger says homes in “the avenues” are particularly popular as they are within easy walking distance of the shops, the beach and the bus station. Homes on the mountainside, meanwhile, have magnificent views over False Bay and the Hottentots Holland Mountains. “And these pricier properties have come back on to the market now – although perhaps a little too soon in that price tags of R3m and more have elicited little interest thus far.”

Retirees have also flocked to Fishhoek’s shores in recent years. Many retirees associate the “Cape Doctor” breeze with good health as it eliminates smog. Fishhoek has its own retirement village and three others are within close proximity, one of which has an 18-year waiting list.

Article by: www.homenet.co.za