Top ranking will boost property sales in Mossel Bay
Category Cape Town Property
Mossel Bay is currently riding high on the news that it has been ranked as the No 1 municipality in SA - and that is bound to give the local property market a boost.
That's the word from Charles de Kock, owner of the Chas Everitt International franchise in Mossel Bay, who says: "Everyone wants the municipal services they pay for to be provided and the area they live in to be properly managed, which is why the performance of local authorities is becoming an increasingly important location consideration for SA home buyers.
"They want reliable access to things like health services, libraries and sports facilities as well as good schools and public transport, and they don't want to be left in the dark or without water because the municipality has failed to maintain or repair its infrastructure.
"In short, the buyers are going where the service is good and they reckon the municipal utility charges and rates to be fair."
Indeed, he says, a preference for environments that are perceived as safer, cleaner and better run than many city suburbs has been manifesting for quite some time in the familiar "semigration" of families to certain country and coastal towns while their breadwinners become weekly "super-commuters". In Mossel Bay we have already seen this since the town was named Kwela Town of the Year two years ago.
"It has also driven the increasing popularity of large and well-run security estates which are often effectively independent of whatever services their local authorities may or may not provide."
However, De Kock says, the latest ranking of SA's municipalities by Good Governance Africa (GGA) is likely to leapfrog Mossel Bay - and local estates like Pinnacle Point and the Mossel Bay Golf Estate - well ahead in the minds of home buyers and investors looking for a great place to live.
The town has just been ranked No 1 on GGA's latest Government Performance Index, which compares SA's 213 municipalities in terms of administration, economic development and service delivery.
"This means it has been judged to have sufficient staff, who are well-qualified for their positions as well as good financial governance. It is also attractive in terms of the economic opportunities and 'habitation' it offers, and performs best when it comes to providing water, sanitation, education, electricity, housing, refuse removal, health facilities and police coverage to its residents.
"That's quite a recommendation, especially considering the problems that many other local authorities are having at the moment, and we have already seen an increase in the number of enquiries coming in from buyers who wish to relocate here, as well as investors who foresee a rise in the demand for long-term rentals."
And the good news, he says, is that Mossel Bay has homes for sale to suit all types of buyers. "There are one-bedroom apartments available here from around R375 000, two-bedroom units from around R500 000, and three-bedroom units from around R900 000.
"Townhouse prices start at about R1m for three-bedroom units and range up to about R4,5m for luxury units right on the beachfront in Dana Bay or Pinnacle Point Estate. Prices for suburban family homes with three bedrooms and two bathrooms start at around R1,1m and those for estate homes range from around R1,9m in Mossel Bay Golf Estate all the way up to about R8m in some of the newer developments like Village on Sea, Moquini and Springerbaai."
*For more information or to view properties for sale in Mossel Bay, contact Chas Everitt Mossel Bay on 044 690 3054
Issued by Chas Everitt International
For more information contact
Charles de Kock on 044 690 3054
Or visit www.chaseveritt.co.za
*Chas Everitt International is the SA affiliate of Leading Real Estate Companies of the World® and its luxury property chapter Luxury Portfolio International®. The LeadingRE network spans 70 countries and links more than 565 independent brokerages with an exceptional commitment to service and integrity. The LuxuryPortfolio.com website features 35 000 of the world's most remarkable homes listed by 200 of those brokerages and attracts more than 3m high net worth visitors a year. LeadingRE members sell more than $370-billion worth of properties annually.
Author: Meg Wilson