Why Pretoria East has become to popular for young families.
Pretoria East has become very popular for young and upcoming professionals and young families because of its central position: within easy reach of Centurion, Midrand, Johannesburg and OR Tambo International airport. “Now that there is very little land left to develop, property values are sure to rise,” says IHPC estate agent Almarie Joubert. Says Anne-Marie Scholtz, owner of top local agency RealNet Elegance: “Prices for high-end homes in the Silver Lakes Golf Estate to the east of Pretoria have climbed steeply in recent months in response to a growing shortage of stock. The average price of recent sales in Silver Lakes has been around R4m,” she says. “And although it’s the premier estate in the area, we are now experiencing more robust sales in the surrounding estates like The Meadows and Six Fountains, where buyers currently have a greater choice of homes for sale and the average price is only around R2.7m.”
Joubert said she has dealt with many buyers from America and Europe - Germany and Italy in particular, and this could be attributed to the “embassy boulevard” in central Pretoria.
Anton van der Walt, owner of the Chas Everitt International franchise for Pretoria East says there has been a steady growth in prices which have risen by 7% to 8% in the past year and made the area one of the safest investment prospects in the Tshwane metro.
This article originally appeared in Neighbourhood, Sunday Times.
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