Property boom in Hartbeespoort

Property sales in Hartbeespoort is up by 50% compared to last year and is increasingly attracting buyers from Gauteng and foreign countries, the company Seeff said this week.

This house in Westlake Country & Safari Estate is on the market for R17,5 million.

Donna Nass, Seeff licensee for the area, says the town is a gem for Gauteng buyers, but also attracts some foreign buyers looking for an inland home to enjoy the beautiful South African countryside.

“The work from anywhere trend has seen a property boom in the beautiful resort town of Hartbeespoort, renowned for its fabulous lifestyle with waterfront homes and luxury security estates homes. The market picked up considerably over the last year with turnover at the highest level ever. Lightstone shows 941 transactions for 2021, some 52% higher than the prior year and about 56% up on the annual average turnover of the last ten years.

She says while there is a great choice of sectional title properties both within and outside of estates, the majority of properties are freehold with those located in secure estates making up about 60% of all freehold market stock.
The highest volume of activity is in the R800 000 to R1.5 million-plus range for sectional title property and for freehold estate homes in the R2 million to R4 million range. There was also a number of sales above R5 million ranging to about R9 million for top-end luxury homes in estates such as Xanadu, The Island Estate and Estate d’Afrique.

Nass says that since the onset of the pandemic, there appears to be a shift towards younger buyers under 35 who now comprise about 26% of purchasing over the last year. A further 50% of buyers are in the 35-year to 50-year age group.

Current stock on the market includes vacant land priced from around R400 000. Apartments are available from R780 000 and houses from around R1.7 million. Luxury homes in the gated estates range from around R2.2 million to R22 million for spectacular luxury homes in estates such as Birdwood, The Islands and Westlake Country and Safari Estate.

For example, a super luxury waterfront home in K’shane Estate with six bedroom suites, grand living and entertainment areas with a private jetty is priced at R14.8 million. There is also a super luxury home in the Birdwood Estate with six bedrooms, a private cinema, gymnasium, multi-car garaging and much more, priced at R21.4 million.