Fourways offering excellent opportunity
After listing your property for sale in Carletonville, you are likely to start your search for your new home. In this article, we look at the booming property market in Fourways, and why this might be the ideal destination for you in Gauteng.
Once listing your property for sale in Carletonville and starting your search for a new home closer to the major business hubs in Gauteng, you may be faced with a tough choice as to which area may be best suited to your needs.
If, like many consumers in South Africa currently, you are chasing the opportunity to enjoy a work, live, play lifestyle and are hoping to find something that caters for all your needs, then Fourways may be the perfect stop for you.
According to property experts, tremendous growth is expected in terms of the property market here, which means that you gain access to the full range of new developments along with a strong return on your investment in years to come.
Sandra McKenzi, who is the head of Adrienne Hersch Properties’ Olivedale Branch, recently commented on the incredible development in Fourways, saying that the growth enjoyed in the area has made it one of the quickest expanding nodes in the entire province.
In her own words, she said, “Fourways is quickly becoming an entertainment, retail, commercial and residential hub that rivals Johannesburg and Pretoria CBD precincts such as Sandton, Rosebank and Menlyn.”
That is a pretty bold statement to make, but the demand for property in the area backs it up. And despite the tough economic conditions and constant development in Fourways, it is still showing strong performance in the property market.
Added to this, data from Lightstone has backed up the fact that Fourways is attracting a young market, with people between the ages of 36 and 49 doing 47% of the purchasing in Fourways in recent times.
When it comes to property prices, flats that offer one or two bedrooms are likely to set you back anywhere from R700 000 to R1.5 million, while you can secure a free-standing home for R1.6 million or more.
So, if you are looking for ideal placement, excellent business opportunity and a range of amenities on your doorstep, then Fourways might be the right place for you to start your search for your new home.
