Gorgeous views, in a town that offers a wealth of amenities – who could ask for more?
Like so many other towns and suburbs across the Western Cape, Paarl has seen a steady increase in property prices over the past couple of years.
Renowned for its picturesque setting, wine farms and rich history, Paarl is considered by many to be a safe location; a place where residents enjoy a relaxed country lifestyle with myriad outdoor and sporting facilities on their doorstep. “The residential property market in the Boland town of Paarl has maintained its steady growth over the past decades as it is becoming increasingly popular with buyers looking to move away from the cities,” says Lew Geffen, chairman, Lew Geffen Sotheby's International Realty. Agents are now experiencing a significant shortage of sale stock, particularly in the low to mid-market segments.
He says the company's agency in Paarl is fielding an increasing number of queries from Gauteng buyers and from Cape Town families looking to move out of the city.
There is also a growing demand from the so-called “swallows” who like to follow the sun and leave Europe during the winter months, heading for the sunny climes of the Western Cape. The town has excellent schools, a country-like atmosphere, secure business environment and is away from the hustle and bustle of city life. Paarl is known for its historical background, beautiful Taal Monument situated at Paarl Mountain, excellent medical facilities and hospitals. The wine farms are popular and you get some of the best wines in and around the Boland.
Lizette Joubert, Paarl franchisee, Rawson Property Group, says prices in the town vary according to the location. “You cannot compare golf estates and security estates with the Paarl East suburbs. Even central Paarl, where the average price of a three-bedroom home with a double garage is R1,5m, is different from the northern areas of the town.”
She says the area offers excellent value for money and that buyers get what they pay for considering the sheer beauty of the surrounds.
This article originally appeared in Neighbourhood, Sunday Times.