Val de Vie in the Cape Winelands will launch a retirement facility in its sought-after development. This is in response to the widening gap between demand and supply in the area for high-quality, modern and affordable retirement accommodation.
“We are very excited to have been appointed joint marketing agents for Val de Vie Manor which is due to be launched in September and is already attracting great interest,” says Chris Cilliers, CEO and principal for Lew Geffen Sotheby’s International Realty in the Winelands. “Residents will not only enjoy top-class retirement facilities, including frail care, they will also have access to all the other facilities available on this exclusive estate, which is recognised as one of the most desirable estates in South Africa.”
Lew Geffen, chairman of Lew Geffen Sotheby’s International Realty, says that there are a number of key factors contributing to the in the spike in demand for quality retirement property in the Winelands. These include more people wanting to retire away from the city but still being close enough should they need to go there, as well as the current socioeconomic situation in South Africa. “A decade ago older people still felt relatively safe in their homes and many opted to stay in familiar surroundings for as long as possible,” said Geffen. “However, many now feel vulnerable and security has become a primary concern.
“Additionally, a growing number of retirees are losing the support of their adult children as a result of emigration and semigration, and the sense of community offered by modern retirement villages is therefore very appealing.”
Photo: The sought-after Val de Vie Estate in Paarl is launching a retirement development come September.