Whether you are putting up your property for sale in the East Rand to move closer to work, or just looking for a good investment opportunity, Fourways may be the place that you want to focus your attention on.
According to property experts, the market in Fourways is set to take off as it is attracting younger buyers and starting to rival a number of the main business hubs in Gauteng.
It is regarded as the most rapidly growing commercial and residential space in the Gauteng province, meaning that it is rife with opportunity.
Sandra McKenzi, head of Adrienne Hersch Properties’ Olivedale Branch, gave a little more insight into the area and why it is becoming such an attractive option for buyers.
“Fourways is quickly becoming an entertainment, retail, commercial and residential hub that rivals Johannesburg and Pretoria CBD precincts such as Sandton, Rosebank and Menlyn.”
Her statements are to the point, and reveal that big things are expected from Fourways in the years to come. They are also backed up by the fact that the area continues to perform well, despite there being a tough economic climate at present.
Of course, Fourways property does not sit at the bottom of the price ladder, but considering what is on offer, prices are not that bad either. When starting out and looking for a bachelor flat, you should expect to fork out around R700 000, while a free-standing house would likely start at a price range of R1.6 million and more.
However, with the booming market and even more developments on the go, it may prove to be a smart decision to invest your money in this increasingly popular part of Gauteng.
