Seeff shares the best locations for you to invest in a holiday home in 2023
Sunny beaches, vibrant cities, and exciting outdoor activities are coaxing holidaymakers to South Africa and as a result, holiday homes are flourishing. After the Covid-19 pandemic that pressed pause on many holiday plans, people are eager to make up for the lost time.
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Holiday homes in South Africa are getting booked out, especially in coastal locations; this gives property investors many opportunities to gain a healthy return on their holiday home investments. According to Samuel Seeff, chairman of the Seeff Property Group, holiday home sales have seen a noticeable increase over the past two years.
Whether you're looking for a luxurious location that oozes uninterrupted ocean views or an isolated beach escape to disconnect from life’s stress, Seeff has you covered with the top holiday home locations.
One: Hermanus and Gansbaai (The Whale Coast)
Hermanus is home to some of the best land-based whale-watching opportunities in South Africa, coupled with stunning coastal scenery. For those looking to invest in a holiday home in Hermanus, now is an ideal time due to the diverse offerings and affordable prices.
According to Paul Kruger, licensee for Seeff Hermanus, holiday homes will cost you anything between R1.2 million and R2 million, depending on your budget and property requirements.
If you're looking for holiday home investments on the coast, Gansbaai is an attractive option. Daniel Stemmet from Seeff Gansbaai comments on the area's affordability compared to Hermanus, noting that property prices are around 50% lower. This makes Gansbaai an excellent choice for holiday home investments, as buyers can get considerably better value for their money with a lower price tag.
Gansbaai's holiday home investments have recently seen a massive influx of buyers, with around 80% of buyers being semigration clients looking to move from Gauteng and KZN. Properties that face the beach usually start at R1.8 million, while plots with lesser scenic views are available at prices ranging from R300,000 to R600,000.
Two: Mossel Bay and Dana Bay (The Garden Route)
Nestled in the coastal town of Mossel Bay, the Cape St Blaize Lighthouse is a captivating landmark that draws holidaymakers from all corners of the world. It is no surprise that this rapidly growing holiday destination was crowned Kwêla Town of The Year in 2017. With attractive holiday home investments available and uniquely-designed buildings set along its rich coastline, it is the ideal place for a holiday retreat.
Herman Spies, sales agent for Seeff, says Mossel Bay is an ideal getaway spot for families, with properties selling at an average of R1.7 million. Diaz Beach sees slightly higher prices, with homes selling at an average of R1.9 million, while Island View and Reebok offer an average of 1.8 million.
Three: Langebaan and Paternoster (The West Coast)
If you're looking for holiday home investments that offer both convenience and spectacular beauty, Langebaan is the destination for you. Located just an hour and a half drive from Cape Town, this coastal locale features many attractions, including historical architecture, a classy yacht club, and the latest Mykonos development.
Whether you're searching for permanent residence or holiday homes with excellent investment potential, Langebaan offers unparalleled charm and ease of access.
Jaco and Tracey-lee Coetzee of Seeff Langebaan report that many buyers are interested in semi-migrating to the holiday towns of Langebaan and Paternoster, citing the prospect of living a calmer, more secure life as the main draw card. As such, holiday home investments in these areas are growing in popularity; Blue Lagoon is one area especially seeing an influx of holiday property seekers with an average cost of R3.2 million, whilst other hotspots include Langebaan Country Estate at around R3.8 million and Laguna Sands at R2.5 million.
Four: Noordhoek and Kommetjie (The Deep South)
The Deep South, or Southern Peninsula, is an idyllic holiday spot. Many holidaymakers are investing in holiday homes in that area. Long Beach stretches 8 kilometres from Noordhoek to Kommetjie, making it a great spot for horse riding and other outdoor activities, which undoubtedly appeals to holiday home buyers.
Deon Labuschagne from Seeff Noordhoek reveals that local and international investors have flocked to this area to purchase holiday homes. Although holiday home investment opportunities usually range from R5 million up to R10 million, residents also have more affordable options in Fish Hoek and its close surroundings.
On average, Kommetjie houses cost between R3.5 million to R5 million - a much more accessible price range for most people.
Five: Kleinmond and Betty’s Bay (The Overstrand)
With holiday home investments on the rise, Mike Tribelhorn, a Property Practitioner with Seeff, explains that the Kleinmond area can offer excellent opportunities. These holiday homes are within the range of various budgets, with some as low as R1.7 million. Another great location to consider is Betty's Bay – similar in price and boasting an ideal climate not too far from Hermanus.
Best of all, these holiday homes are under an hour and a half drive from Cape Town.
Investing in a holiday home is exciting and can be a great alternative to traditional investments. Contact Seeff today to get expert advice and find the best holiday home investment for you. If you're looking for more information before taking the plunge, read our blog to find out what you need to know before buying a holiday home.
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