Jeffreys Bay - The top choice for homebuyers
Is it the fact that it holds the title of 'Kwela Town of the Year' for 2018 or is it the mystical sea views that make Jeffreys Bay the desired destination for many city dwellers and their families? Or does it appeal in every way to those who crave a more relaxed lifestyle?
Once a small seaside village, this beautiful town can be found on South Africa's eastern seaboard. It has become one of the fastest-growing urban areas in the Eastern Cape. Previously known as just a prime holiday spot, Jeffreys Bay is undoubtedly a top choice for homebuyers who call the town their home. Moreover, it highly appeals to investors who thrive on holiday lettings.
Property in Jeffreys Bay is priced from R640 000 to R8.5 million and caters to homeowners with different incomes and lifestyle choices. High-raised buildings in the town are not very popular, however, there are numerous beachfront apartments and holiday homes that spark buyers' interest. Developed agricultural land has an average selling piece of R150 000/ha.
According to a recent FNB report, the average price paid for homes in Jeffreys Bay is R923 333, while the average drop in asking prices only equates to 9%. This implies that buyers are gladly sweeping up property at the recommended selling price. The report further reveals that homeowners over the age of 65 are the largest group of sellers as well as buyers. The 31-35 age group are also making an impact on the buyers' market; however, they are holding on to their investment property as they show little to no indication of reselling.
Estate agent at RealNet Pristine, Larika Botma highlights Jeffreys Bay as a great place to invest in. "Jeffreys Bay was and still is a well-known holiday destination. Not to mention it is a world-class surfing point. J-Bay has a pool of properties from agriculture land, beachfront holiday homes, retirement villages, to our well-known Marina Martinique. This is still an affordable area to invest in, with the benefits of good capital growth."
Another reason why younger buyers are eyeing out Jeffreys Bay is the fact that it is one of the most sought after surf spots in the country. Dolphin Beach is the main beach which boasts a Blue Flag status. It is equipped with facilities and lifeguards throughout the year. Supertubes beach is the top location for surfing contests. Other beaches such as Surfer's Point, Boneyards, Kitchen Windows, Phantoms, Magnatubes and Albatross are notable for their big waves.
Living in Jeffreys Bay is not only a surfer's paradise but also a nature lover's escape from the hustle and bustle of city life. As Jeffreys Bay is also at the start of the Garden Route, it further boasts being mushroomed along the coast and bordered by the scenic rivers and nature reserves. There are a variety of trails over varying distances along the coast and in the reserves for explorers to experience nature first-hand. The Kabeljous Estuary and Reserve, Seekoei River and Reserve, and the Noorsekloof Nature Reserve are great places to visit. The popular Addo Elephant Park and Tsitsikamma Nature Reserve are also a stone-throw away for the residents of Jeffreys Bay.
Jeffreys Bay also plays host to Bike Fest SA, which sees motorcycle enthusiasts from all over the country enjoying the pleasures that the town has to offer.
Life in Jeffreys Bay is a dream. This laid-back town is ideal for those who are over the bustle of the fast-paced city life and wish to call this town home. If you are interested in being a resident of Jeffreys Bay or see the town as a means to grow your investment portfolio, contact one of our friendly agents at RealNet Pristine today.