INVEST IN LE GRANDE ESTATE
Category DIY
INVESTING IN LE GRAND ESTATE, GEORGE
Category News
Whether it’s the temperate climate, untouched natural beauty or the feeling of being on a never-ending holiday retreat; more and more South Africans are looking to invest in the booming markets of the Southern Cape.
With a slew of high-end residential developments in George; countless investors (who have sufficiently recovered from the Global Financial Crisis of 2007/8) are looking further to get more bang for their buck.
It must be appreciated that housing and specifically rental properties are one of the biggest challenges currently faced in the area (George specifically). It is with this knowledge in mind that more land is invested in and built upon for the sole purpose of a stable guaranteed rental income.
Of course it doesn’t take a market analyst to appreciate the aesthetical appeal of this ideal location, but politics and local property bylaws have often proven to be the stumbling block. The Southern Cape has long been the destination of choice for boys’ fishing weekends and summer holidays filled with cocktails, but it was only in recent years that foreigners and locals could begin enjoying property ownership within new developments.
The region is known for its outstanding health & education infrastructure, and a willingness to embrace local and foreign investment. George is undergoing rapid expansion of ownership of residential property; either through a business or trust, or in one’s personal capacity. Decades of sustained economic growth and an investment-friendly regulatory regime make even the most cautious of visitors feel at home.
The fact that many Southern Cape regions like George have broken ground on developing Golf Estates is testament to the fact that they not only seek short-term holiday makers, but those wishing to work and live in the area.
Perhaps the most promising opportunity of all is the pristine costal front ….Le Grand Estate. This environmentally conscious landscape have welcomed investors from Italy, France, South Africa, Russia and the UK. With the mad rush and influx of families from Gauteng, there is a noticeable increase of interest in the estate and this is guaranteed to escalate land prices in the not too distant future.
Granted, the growth of picture perfect destinations is matched only by the insistence of their regimes to bury potential land owners in regulation and administrative red tape. What is clear however is that the compounded benefits of full title property ownership within an Estate are now advantageous within South African borders.
Don’t be left behind by contemplating the current land “situation” in your beloved country. Stay positive and act accordingly.
Author: ABRIE Van Der Walt (Intern) - KPS George
