Plettenberg Bay Property Market Overview

Property in Plettenberg Bay is chalking up record performances. Sotheby’s International Realty Plettenberg Bay has recorded an increase of 60% for the first quarter of 2018. 2017 was also a record year for the property market as a whole in the upmarket coastal resort town. Total sales value was the highest ever documented, breaking the R1 billion mark for the second time in history, and total average prices were also the highest recorded to date at R2,3 million, though the number of sales were down by 14% from 2016.

Entry level prices have increased substantially. The entry level for apartments is R800,000. Vacant land starts at about R275,000. The entry level for houses is around R1,8 million, though there are cheaper options in areas surrounding Plett. It is becoming increasingly difficult to find houses below R2 Million.

According to the 2018 AfrAsia South Africa Wealth Report, produced by New World Wealth, Plettenberg Bay is the third top location in the country for R20 Million + homes, after Gauteng and Cape Town. Outside of Cape Town, Beachy Head Drive is the most expensive road with land costing ±R43,000/m². The report went on to predict that Keurbooms and Nature's Valley will be the next hotspots for homes over 20 Million. 

"Real estate investing even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth."

~Robert Kiyosaki

Property of the Month

Prime commercial/residential property for sale in Plettenberg Bay

Fantastic opportunity to buy your own unique commercial and residential property in Plett. Situated in the Main Street the property comprises of a commercial  multilevel shop, zoned business 1 with a 4 bedroom penthouse above and off street parking and single garaging.  The penthouse is on 2 levels, both having lovely sea and mountain views  and patios for outdoor entertaining. In the garden there is a separate open plan cottage , perfect for extra income. 
This is an unique property with so many opportunities so don’t delay.

For more info, please contact:

Carrie 082 566 1881 or Paul 082 876 0577