Fourways property market taking off
Continued development and the perfect placement are ensuring that property for sale in Fourways is hot property. In this article, we explain why this is the case and also why this suburb is expected to enjoy tremendous growth in years to come.
There is plenty of good reason to be excited about buying property for sale in Fourways, as the investment you make today is geared to offer a good return on in investment.
In recent years, there are been a big demand for property that falls within the work, live, play lifestyle and it seems that the developers in this area certainly understand the concept.
This was outlined by Sandra McKenzi, who is the head of Adrienne Hersch Properties’ Olivedale Branch as she pointed out that this space was one of the fasted growing commercial and residential hubs in the province.
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.”
Despite continued development there is a steady demand for more space in this area, and even the difficult economic climate is not a hindrance for the growing attraction.
What is even more interesting is that the area is appealing to young buyers, with Lightstone figures showing that of the recent buyers, just under half fell into the age group between 36 and 49.
In terms of what you would expect to pay for properties in Fourways, a one-bedroom flat would set you back under a million rand, while expect to pay anywhere up to R1.5 million for a two bedroom apartment. Freestanding homes can be secured from a fee of R1.6 million or more.
The ideal placement between a number of Gauteng’s major business hubs, as well as the easy access to a range of top amenities plays into the fact that that Fourways is set to rival even the most popular and established suburbs in Gauteng.
