Lifestyle attracting buyers in Constantia Kloof
Category Industry News
A growing number of buyers are looking to purchase property in the scenic and established suburb of Constantia Kloof as it becomes increasingly popular with people wanting a more relaxing pace of life close to the hustle and bustle of the city.
"Lifestyle has emerged as one of the biggest buzzwords of the property market with buyers placing strong emphasis on achieving a better home-work- stress life balance. Many of Johannesburg's most in-demand suburbs in 2019 are areas that offer attractive lifestyle options," comments Snowy Mattera, area specialist at Adrienne Hersch Properties.
"Constantia Kloof offers buyers the best of both worlds - a quiet suburban lifestyle and beautiful environment well situated close to key transport routes, amenities, schools, Lanseria Airport and healthcare facilities," she continues.
Recent Lightstone Figures show that demand is particularly high among a younger demographic with 40% of recent buyers aged between 18 and 35.
"We're finding many of the older residents are downscaling into retirement villages or smaller properties and a younger demographic is moving in. These buyers are attracted to the area's excellent value and are choosing to upgrade and modernize many of the suburb's older homes, adding further value to the area."
She adds many of the buyers searching for property in nearby Northcliff are finding good value for money in Constantia Kloof.
Buyers can expect to pay anywhere from R1.6 million to R5 million for a three-bedroom home in the area depending on size, location, finishes and features.
Snowy says larger homes on Panorama Drive, Constantia Drive and part of Nolene Drive generally command higher prices.
The complexes situated along Constantia Drive remain a popular choice for young executives, couples and starter families. Sectional-title properties sell for between R700 000 to R1.6 million depending on size and condition.
Snowy says an interesting trend is that many of the buyers purchasing homes in Constantia Kloof and surrounding areas in the West Rand want to get away from the traffic and congestion characteristic of the North.
"The area's proximity to two green belts, the Kloofendal Nature Reserve and the Walter Sisulu Botanical Gardens, as well the Cradle of Humankind, is a major drawcard for outdoor enthusiasts. We find many of these buyers would rather commute to the North and have a quieter lifestyle close to nature on weekends."
She says she also receives significant interest from buyers wanting to be close to the area's well-developed business node.
The suburb has undergone significant commercial development over the last 10-15 years with many blue-chip tenants such as Standard Bank, Absa, MTN, FNB, Afrisam and Cadac calling the area home.
Snowy says buyer activity in the area is far more robust since the start of this year, in comparison with the same period last year.
"I anticipate that the Constantia Kloof property market will perform strongly in 2019 as buyers will continue to be attracted to the suburb's excellent value for money, easily accessible location and proximity to key amenities," she concludes.
Author: Adrienne Hersch Media Team