Lydenburg’s Development Helping Lure Buyers
Lydenburg, also known as Mashinshing, is quickly becoming a business hub servicing its surrounding communities and mining interests as far away as Pilgrim’s Rest, Steelpoort, Burgersort, Ohrigstad and Rietfontein. So what’s the reason for the boom behind the Mpumalanga gem?
At the foot of the Long Tom Pass in Mpumalanga, you will find Lydenburg. Surrounded by mountains, business hub for the region and only 290km from Pretoria, this northern city is defying the stereotypes of being “just another town.” Besides for its mining industry, the city thrives on its diverse agriculture, tourism industry and forestry according to Andreas Greeff, Pam Golding Properties’ area principal.
Greeff added “The capacity of the movement makes one wonder if there is sufficient housing for this dynamic shift. About 90% of homes in Mashishing-Lydenburg are full title and a mere 10% sectional title, which opens up a gap of opportunity for developers to bring some new sectional stock onto the market.
“Many people opt to reside in this picturesque location with their families to enjoy the country living and host of primary and secondary schools. “As a result, there is a solid demand for residential property to buy across the price ranges – especially starter homes below R1 million – as well as rental properties to cater mainly for mining employees – generally in the price range from R6 000 per month and upwards.”
According to Lightstone statistics, about 63% of homeowners in the area have owned their properties for 11 years or more. The demographics seem to be most families with parents aged 36 to 49, but that doesn’t mean younger buyers aren’t also buying into the area, because they are. Finding property for sale in Lydenburg seems to be a pretty hot ticket at the moment, and it’s easy to see why when everything in the city is going well!
