The first quarter of 2009 has seen the Knysna property market grow with around 28%. Alan Evans of Seeff Knysna said that their agency had 10 sales totaling R22,5 million and nine sales totaling R28,99 million. He added that although numbers were down by 10%, the value was up by 28%.
According to Evans most of these sales were Thesen Island property – two of which was over the R7 million mark. He added that the majority of these sales were cash transactions.
Another area that has seen growth is East London as it attracts many buyers from Guateng and the Free State looking to settle in smaller cities.
Tulbach is another area showing growth. This is mainly due to the realistically priced property that can be found in the Witzen Valley.
The information in this article is courtesy of Property24.
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