Plettenberg Bay at a glance
When it comes to the property in the Garden Route, Plettenberg Bay property is still considered to be the Premier area for those fortunate real estate investors and holiday home buyers who are able to secure homes here.
Property in Plettenberg Bay’s makeup has changed dramatically over the last decade with the growth in the amount of the sectional title sector of the property in Plettenberg Bay market.
With the building boom of 2000 – 2009 being heavily weighted towards townhouse complexes, apartments and flats, section a title accounts for just under 30% of the entire Plettenberg Bay property arena.
The top end of the real estate market here is still strongly in the bailiwick of the traditional freehold houses for sale in Plettenberg Bay and the area still offers up some of the most stunning properties in South Africa.
Whilst Plettenberg Bay property for sale statistics may show that the average house for sale in the area during 2011/2012 was sold for around the R2 500 000 mark. However it needs to be remembered that this is an average of all sold properties in Plettenberg Bay.
The reality of the Plettenberg Bay property market is that price variation in this section of the South African property market is huge in a market where there are luxury Plettenberg Bay houses for sale up to R50 million.
According to the latest FNB Plettenberg Bay Property Barometer reports, almost 60% of full title properties in Plettenberg Bay are 4 and 5 bedroomed, and a third offer building sizes between 300 and 500 square metres.
Plettenberg Bay Demographics
From a demographics viewpoint, Plettenberg Bay property owners currently reflect that over a third of the full title houses are owned by folks over 65, with another third of the properties in Plettenberg Bay being owned by people between 56 and 65.
In terms of recent Plettenberg Bay real estate buyers investing in property for sale in Plettenberg Bay, around 22% are in the 45-50 age brackets, 40% are between 56 and 65 and over 27% are over 65.
Plettenberg Bay Property Needs
Regardless of whether you are looking to buy, let or sell property in Plettenberg Bay, contact our local Chas Everitt Plettenberg Bay office on +27 44 533 5250 and speak to one of our estate agents today!
Plettenberg Bay Real Estate Information Acknowledgement
The Plettenberg Bay property data used to provide the detailed information on property in Plettenberg Bay was supplied by SAPTG and the FNB Plettenberg Bay Property Barometer reports.
Area Information on Suburbs and Estates in Plettenberg Bay
When it comes to the property in the Garden Route, Plettenberg Bay property is still considered to be the Premier area for those fortunate real estate investors and holiday home buyers who are able to secure homes here.
Property in Plettenberg Bay’s makeup has changed dramatically over the last decade with the growth in the amount of the sectional title sector of the property in Plettenberg Bay market. With the building boom of 2000 – 2009 being heavily weighted towards townhouse complexes, apartments and flats, section a title accounts for just under 30% of the entire Plettenberg Bay property arena.
The top end of the real estate market here is still strongly in the bailiwick of the traditional freehold houses for sale in Plettenberg Bay and the area still offers up some of the most stunning properties in South Africa.
Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.