Plettenberg Bay property market tops R1bn in sales
Unit sales grew 62% and rand value of sales by 96% in 2016
20 December 2016 - 08:39
The Plettenberg Bay property market cracked the R1bn annual sales barrier in 2016, real estate agent Seef said on Monday. Seef said its unit sales in the area grew 62% from 2015 and the rand value of sales by 96%. "In the past few years, we have seen an uptick in sales above the R5m to R10m price band," Seef’s Plettenberg Bay licensee Kevin Engelsman said. Luxury beach houses, especially those around Beachy Head, Whale Rock Ridge and Lookout Beach can range from as much as R20m to R40m.
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