Almost half of the recent buyers in Sedgefield, which sits between George and Knysna on the Garden Route, are aged between 50 and 64 years old. This is according to Chris van der Merwe, broker/manager of RE/MAX Lakes, who said his office has a large number of buyers who are looking to purchase retirement homes and investment properties.
“These mature buyers are looking for properties that offer them a sense of security, as well as the lifestyle benefits of living in a scenic coastal town in one of South Africa’s most beautiful regions,” he said. “Many buyers in Sedgefield emanate from the bigger metro areas and are looking for a change of pace.”
Buyers in Sedgefield are cash buyers, said Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa, noting that older generation buyers have built up equity in their homes over the years and have other investments, so are able to buy property with cash.
Photo: Sysie Square is a contemporary new development situated in the heart of the town. It compromises of 14 full-title apartments priced from R975,000 (incl VAT) in two- and three-bedroom configurations. All of the units also have a single garage with an extra parking space.