Lockwood investors grow with Mbombela
Generally, the demand for housing in the Mbombela region has shown exponential growth due to the fact that many family buyers and executives have relocated to the area.
Figures from Lightstone, a property information and statistics provider, reflect that the number of property transactions in the area has increased. As the capital of Mpumalanga and a key manufacturing and agricultural hub of the north eastern region of South Africa, various large businesses have chosen to move their operations and head offices to Mbombela.
This migration and increased economic activity have attracted a large number of new people to the area who are looking to settle and purchase homes.
Another property option that is likely to perform well in Mbombela during 2015 is sectional title units and apartments that are in proximity to the new university which will open soon.
“Lockwood apartments are in the final phase of development, with only a limited amount of units left.
“It has proved to give investors exceptional value, especially those looking at investing in a full block of units,” says Andrew Porter, developer of the Lockwood apartments.
“We will only increase our prices in March 2015, with only three blocks left, consisting of two- and one-bedroom units. We expect them to be sold out by early March 2015.’’
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