The property market in Hermanus remains buoyant, despite recent protests that have taken place in surrounding areas. A historic property in the area sold for a record R35m.
It remains business as usual for the Hermanus property market despite the political protests according to Paul Kruger, Licensee for Seeff in the area who has reassured buyers, sellers and investors that there is no need to be concerned about the unrest in the area.
While condemning the violence and reckless damage to property, Kruger said that there is nothing unusual about political protests. These are a part of any democracy and certainly not unique to South Africa or Hermanus. A heightening of protest action is also expected in light of the lead up to the 2019 General Elections.
Land and service delivery have become hot political topics being used by political parties. There is also a tendency to sensationalise these in the media. The ANC government and President Ramaphosa have reiterated on a number of occasions recently that land grabs and criminal behaviour will not be tolerated and will be dealt with in terms of the law.
Over the last two years, there have been a number of protests in the surrounding areas including the Kleinmond area for example and the property market was not adversely affected. In fact, Seeff Hermanus has achieved record sales for the first quarter of this year with our turnover up by 100% compared to the same period last year, says Kruger.
Buyers, sellers and investors should not be deterred by the events or media reports, he said. Hermanus is one of the most sought-after coastal areas in the country and has a very healthy property market. We continue to see strong demand in property and smart buyers and investors are putting a lot of money into the market, paying excellent prices with top end areas beginning to comfortably breach the R10m-R20m price range, he says.
Seeff has also set a new price record with the sale of the stunning Marigold Cottage, a stunning historic property with fabulous sea views located in the suburb of Voëlklip which sold to a Cape Town buyer for the record price of R35 million.
It is a great time to invest in Hermanus property, especially given that values are set to rise as the economy begins its recovery. Kruger also recommend that sellers, buyers and other property market stakeholders rather obtain information and insight from property agents and not media reports.