THE Blouberg beachfront strip that stretches from Dolphin Beach and includes Bloubergrant, West Beach and Big Bay up to La Paloma Boulevard is still a good bet for buyers looking for an affordable laid-back seaside lifestyle, but demand for luxury properties here is growing, said Seeff Blouberg agent, Wendy Coetzer.
“While there is still plenty to buy below the R2-million price mark in this Cape Town area, we are seeing luxury buyers heading here and willing to pay well above this for a luxury beachfront home as they still find more value here compared to the Atlantic seaboard for example,” said Coetzer.
Fronted by beautiful beaches that rank amongst the best wind surfing destinations in the world and a scenic rocky coastline, the area offers some of the best views that stretch from Table Mountain across the ocean to Robben Island.
“While development of the greater area over the last few years has seen significant growth and an influx of residents, it continues to retain its village and holiday resort character and this is the big draw-card that keeps buyers flocking to the area,” adds Coetzer.
“Properties along this strip largely comprise of a mix of old and new apartments, townhouses and clusters along with freehold homes. Demand for property, especially sectional title units continues to strengthen year-on-year despite the fact that we are essentially still operating in a down-market.
“In 2011, around 120 sectional title units sold here to the value of around R120-million,” said Coetzer, adding last year, this increased by 41% to around 169 sales worth almost R225-million. This year, there has already been almost the same number of sales – 168 units to the value of almost R190-million – and, we still have at least three high-season months to go said Coetzer.
Five years ago, few seaside buyers would have headed here for an up-market apartment priced in the upper millions, but this is growing.
While the average price for sectional title units in this real estate belt is still at around R1.4-million, some 19 units priced above the R3-million mark have sold here over the last two years; 10 of which were priced above R4-million. Having said this, when you compare the value on offer here to areas such as Sea Point, you are still getting much more bang for your buck in Blouberg, said Coetzer.
One of the key advantages for buyers in the area is that most properties enjoy close proximity to the beaches.
Amenities such as restaurants and bars that are generally packed year-round, retail and other facilities are within walking distance. Outside of daily peak periods and high-tourist season, the area is also still relatively traffic free.
An added bonus is the newly completed N7-link via Parklands that has already greatly reduced peak-hour traffic congestion.
“To say that it has become a hotspot for buyers looking for a seaside residence is not an understatement,” Coetzer said.