Although house price inflation in Gauteng has slowed in the past few months, homes in well-run and well-situated residential and golf estates continue to show impressive growth.
Pam Golding Properties’ regional executive for Pretoria and Centurion, Retha Schutte, says demand remains strong for properties within a number of popular residential estates in the greater Pretoria region. Estates such as Blue Valley, Midstream, Country Lane and Cornwall have proved to be “recession proof”, she says. Equally so Irene Farm Villages, situated further south, which was rated third top performer in the Pretoria region in the 2015 Financial Mail national property survey. The latter has shown a five-year (2010-2015) house appreciation of 158%.
“Higher income earners within the Pretoria region are tending to seek properties which offer a secure lifestyle in leafy surroundings combined with maximum possible convenience,” she notes. “They want to live closer to nature, but at the same time be able to enjoy the conveniences of modern life.”
“Irene Village Estates has shown impressive mid-term capital appreciation, and there are a number of good reasons for it,” says Schutte. “These include the fact that the estate offers a secure lifestyle, is well situated and run, and residents greatly appreciate its village-type atmosphere.”