Buyers are slowly returning to the holiday home market, after a five year lull of zero demand on homes in coastal and resort towns. This shut down of holiday home purchases resulted in a 40% crash of the property market for places such as Plettenberg Bay, Hermanus and Ballito in the five years that showed no activity in the market. A recent sale R45m sale that was clinched by Seeff for a beachfront home in Plett indicates a turnaround for the market in these areas. For more details, click here.
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