Mossel Bay property market on the up-and-up

The bustling coastal town of Mossel Bay is currently welcoming at least 30 new families every month.

This four bedroom Victorian-style home for sale is located centrally in Mossel Bay. The house has four reception areas, and is within walking distance of the beach. It is on the market for R3.295 million - click here to view.

This is according to Japie van Zyl, owner of theRealNet Mosselbaai franchise, who says this is leading estate agents to predict that the population will double within the next few years, and further increase the demand for homes that suit both the needs and the pockets of permanent residents.

“Mossel Bay’s population growth continually exceeds the average national population growth, but this is good news for us,” he says.

“The town is experiencing a dramatic growth spurt due to the expansion of the oil and gas industry, the influx of ‘semigrants’ from other provinces and foreigners who stay for six months of the year.”

Van Zyl says this has brought about a turnaround in the local housing market and significantly boosted the commercial property market as well.

“We are now bursting at the seams and urgently need new shopping centres and high schools.”

Mossel Bay has traditionally been a holiday destination and while there are many spectacular properties on the market, some are really not practical for families, he says.

This three bedroom, two bathroom home on the market in Mossel Bay Golf Estate has two garages and a sunroom. The house is selling for R1.8 million - click here to view.

“Some buyers are being forced to look in the older parts of town now for freehold homes because the estates don’t allow pets, for example. But the consolation is that one can buy a very large older home with four or more bedrooms in the suburbs around the city centre for around R3 million.”

Van Zyl says property demand is greatest in the under-R2 million price range, and that there is a shortage of stock in this category.

“There is, however, a wide choice of modern homes in the Mossel Bay Golf Estate, where sectional title townhouses are priced at R2 million to R3 million and large executive homes at R4 million to R6 million,” he says.

“The estate offers both security and convenience and is sought after by investors as prices have trended substantially upwards in the past couple of years.”

This double storey home for sale in Mossel Bay has four bedrooms and three bathrooms. The property includes a double garage and garden. It is on the market for R2.995 million - click here to view.

Van Zyl says sales in the ultra-luxury Pinnacle Point Golf Estate are understandably slower, with high-end, architect-designed villas here being priced at R10 million to R15 million.

“However, they are sought after by investors from Europe and represent exceptional value for money, despite their price tags.”

Meanwhile, he says Village-on-Sea, which is part of the St Blaize Conservancy has proven popular with buyers.

“Here vacant stands of around 980sqm are available at prices from R450 000, and finished homes for R2 million to R24 million. These homes have been superbly built, and are snapped up whenever they come on to the market.”