Beach view. Port Elizabeth
higher equity; in other words not requiring large
bonds. Generally they are Gauteng and KZN buyers
seeking a home away from home which ultimately is
a long term investment.
There is also the added benefit of being able to
enjoy the South Coast’s attractive Blue Flag beaches
which are less crowded than some other popular
coastal destinations. This coastline is renowned for
offering value for money property and there has been
a noticeable trend in upcountry families’ relocating
to the area for better quality family life, with direct
flights between OR Tambo International Airport
and Margate Airport fuelling this trend. Beachfront
homes range between R4.5 million and R20 million
in price.
In Port Edward, the inquiries and actual sales
have definitely picked up in recent months. This
coastal town is also experiencing a change in
demographics, where erstwhile holiday homes are
becoming residences for new buyer groups. It has
been indicated that the Trafalgar area is popular
among upcountry visitors from Gauteng, Limpopo
and Mpumalanga as well as Eastern Cape buyers.
With security markedly improved due to satellite
police stations having been set up along with strong
neighbourhood watches, husbands can work away
from the area while children attend good schools.
The lower south coast is very competitively priced
www.reimag.co.za
compared with other coastal areas and offers in
most cases better weather and beaches in more
tranquil surroundings.”
In Port Elizabeth interest in coastal property
increased this summer, particularly homes with a sea
view and generally priced up to around R2 million.
One can even buy a front line home for under
R3 million. Buyers comprise mainly local buyers
seeking primary homes, as well as those from
upcountry and Western Cape relocating on business
or for a better lifestyle, and investors seeking a home
to retire to in the future. Increasingly, we are seeing
overseas buyers (from Germany, United States and
even the Philippines) looking for leisure property.
“There is also the added
benefit being able to enjoy
the South Coast’s attractive
Blue Flag beaches”
With upmarket shopping malls, attractive, warm
swimming beaches, good schools and our own
airport, Port Elizabeth offers a healthy family
lifestyle away from hectic city life, with areas such
as Summerstrand particularly sought after and with
a shortage of stock in the R2.5 million price range.
Residential Handbook 2014
47