Hout Bay and Llandudno property boom as "Zoom Town" trend grows
Category News
One of the key trends emerging from the Lockdown Regulations has been a desire to move to more beautiful surroundings. Buyers feel that if they must be largely confined to their homes, then they would like to be able to enjoy more of a lifestyle from the comfort of their own homes and immediate surroundings.
The "Zoom Town" phenomena arose in the USA as quickly as it has here in SA as well. Zoom Towns are described as small communities which grow quickly as a result of the rise of remote working. The trend is a result of remote workers craving more space, peaceful and tranquil surroundings as well as convenient opportunities to spend more time outdoors in nature. The name is derived from the Zoom Video Conferencing App which has revolutionised the way that many are able to do business and interact with work and clients.
Hout Bay and Llandudno are of course exemplary Zoom Towns. They offer the desired laid-back, mountainous and coastal lifestyle, with all the modern amenities on your doorstep and the non-negotiable high-speed fibre internet infrastructure. And you are only about 15-minutes from the big city attractions when they become attractions once again, while being central to the Cape's many natural attractions, beaches, mountains, parks and vineyards.
According to statistics out of the USA, Zoom Towns are among the best performers in terms of real estate sales. We see this amply demonstrated by the Propstats sales figures for January 2021 when compared year-on-year to January 2020.
Where Hout Bay only achieved 16 sales in January 2020, this year, we have achieved 25 sales in Hout Bay with a combined value of R80 263 000. That is an increase of just over 56% in the number of properties sold. Additionally, almost half of all sales for January has been above R3 million ranging to the highest price of R15.5 million.
While Llandudno is all about the sea views and exclusive beach houses, Hout Bay lies in a green valley with many properties offering spectacular views of the surrounding mountains or ocean. Both areas are renowned as among the most scenic in the world.
You are not just making a good lifestyle choice, but Hout Bay and Llandudno property markets have been among the most robust over the last ten years. During the economic growth phases, property benefited greatly from capital growth.
Now is of course a great time to get into the market. Whether it is to make a permanent move to better surroundings or to simply invest in a second home that you can escape to when necessary, Hout Bay and Llandudno offer a broad range of property options.
These range from beach houses to superior security estates. There is also a wide selection of freestanding houses and sectional title townhouses and apartments. Regardless of where you buy, you will benefit from the inspiring surroundings and quick access to great schools and amenities.
One of the key aspects to this market is working with a skilled and credible agent who has weathered the ups and downs of the market. Home is our Story and property our passion. The market is currently packed with opportunities for sellers and buyers. Seeff is a proud market leader in the Hout Bay and Llandudno area. If you would like to know more about opportunities in the market, don't delay, contact Seeff today!
Yours in Property
Stephan Cross
Author: Seeff
