Luxury property buyers are not only heading to Cape Town for spectacular homes but are now increasingly investing in Hermanus, according to Paul Kruger, licensee for Seeff Hermanus. The last five years have seen a notable rise in sales of over R5m, with at least 26 homes sold for over R20m to R40m in Kwaaiwater and R47m in Voëlklip.
The semigration influx trend has seen a notable rise in wealthy buyers investing in residential, retirement and second homes. A New World Wealth Report notes that there’s been a remarkable 25% increase in high-net-worth individuals who have migrated here, primarily from Gauteng, but even nearby Cape Town. This significantly surpasses the wealth growth of Cape Town (10%), the Winelands (18%), and Garden Route (22%).
Lightstone data further shows that Hermanus boasts the highest volume and value of transactions of the 5 biggest of the smaller coastal towns, being Hermanus, Jeffreys Bay, Knysna, Plettenberg Bay and Ballito. This amounts to 808 transactions worth over R2.6b for the 12-months to the end of January 2025).
Sales of houses priced over R5m have more than doubled over the last five years from 57 transactions in 2019 to 132. Hermanus is now also competing with Plettenberg Bay in the high value category with some 26 residential homes sold for over R20m over five years.
The laid-back cosmopolitan coastal lifestyle, and low crime rate are key attractions, but the town is not short of amenities with new private schools such as Curro and Generation Schools, a regional mall, healthcare and more.
Aside from being one of the top destinations in the world for whale watching, Hermanus also offers the growing Hemel-en-Aarde Wine Valley with over twenty wineries, including the sought-after 200-hectare Benguela Cove Lagoon Wine Estate which includes spectacular homes.
Kruger says buyers no longer need to head to the Winelands for a home on a working wine farm as Benguela Cove offers the best of both, vineyards and the lagoon setting. It sits on the banks of the Bot River Lagoon with scenic water and mountain views, vineyards, and olive trees. It is the largest wine producer here with award-winning estate wines, a huge cellar, tasting room, restaurant, deli, curios shop, and a host of amenities.
These include adventure golf, tennis, basketball and boule, a swimming pool, and a walking/cycling track for residents. There is also water access with a jetty and slipway, boating garages, a clubhouse and storage, and a host of water activities including boating, water-skiing, kitesurfing, kayaking and open water swimming.
The estate is a real eyecatcher attracting luxury buyers looking for residential and second homes. The plots are large (up to 4,000sqm), and the luxury houses are priced to R25,875m for a premium, 700sqm home with views from every room. The ultra-modern interior boasts vaulted ceilings, plenty of living areas, a sea-facing braai room for entertainment, four en-suite bedrooms, its own wine cellar housing its annual allocation of wine from the estate among others, a spacious study opening to a deck and the garden, staff accommodation, a three-car garage, heated pool, and luxury extras such as fireplaces, solar power, rain harvesting tanks, and a central vacuum system.
Issued by Gina Meintjes
