Plett property market exceeds R1bn turnover mark in 2016

The popularity of Plett just continues to rise, says Engelsman. Aside from an influx of new residents as part of the migration to the Western Cape, Seeff have seen a notable increase in demand for holiday and retirement accommodation in the town. Buyers and holiday makers from Gauteng areas such as Johannesburg and Pretoria are especially keen right now, he adds.

Engelsman says that the Garden Route property market in general remains upbeat as even Capetonians look to move to the area.

Wide mix of buyers

More than half of all property in the area has been in the same hands for longer than 8-10 years. Buyers are a wide mix, from local residential to holiday and second-home buyers from across the country. There is also a mix of ages, although the more expensive homes tend to be bought by older buyers.

In the last few years, Seeff has seen an uptick in sales above the R5m to R10m price band. About 65% of all property in is full title, predominantly houses that range from modest and well-priced in the R1.2m to R2.2m range. Upmarket areas and larger houses though tend to range to about R6m on average.

There are also a number of security complexes and estates that offer a mix of property, priced from around R600,000 at the lower end, while luxury estate houses range upwards of R4m to around R8m on average. Luxury beach houses, especially those around Beachy Head, Whale Rock Ridge and Lookout Beach can range from as much as R20m to R40m. Vacant land in Plett, on the other hand, starts from as low as R200,000 to R400,000, says Engelsman.