Fourways property market offering opportunity in Gauteng
If you’ve considered listing your property for sale in the Eastern Cape, or are just looking to invest in property in Gauteng, there is one area that is currently making waves in the market, and that is Fourways. We look at just why property experts have good things to say about this area.
Whether you are relocating and putting your property for sale in the Eastern Cape, or just want to look for a second home in Gauteng that serves as an investment, there could be a good opportunity for you to take advantage of in the Fourways property market.
Gauteng is a destination that many look at for top business opportunities, and being able to place yourself in the northern suburbs allows you to be perfectly positioned to make the most of those chances. However, staying there can come at quite a cost, but with the rapid expansion of Fourways, your investment could offer big returns in years to come.
Fourways is attracting big demand, and Lightstone data reveals that many buyers entering the market there are between the ages of 36 and 49. This highlights the fact that Fourways is really tapping into the need for a work, live, play lifestyle. Essentially, this means that residents here are within close proximity to their work, while also having retail and leisure opportunities on their doorstep.
Property experts are also raving about the potential here. This is how Sandra McKenzi, head of Adrienne Hersch Properties’ Olivedale Branch, described the current state of the area, “Fourways is quickly becoming an entertainment, retail, commercial and residential hub that rivals Johannesburg and Pretoria CBD precincts such as Sandton, Rosebank and Menlyn.”
Many of the areas she mentions have already been established as major commercial, residential and business nodes in Gauteng, and with continued development in Fourways, it promises a bright future for the area.
When looking to purchase property here, you should set your budget at around R700 000 if you are starting out with a one-bedroom apartment, while moving up to a two bedroom could cost you up to R1.5 million. A free-standing house in Fourways will cost over R1.6 million.
