Free State a garden of Eden?
The Free State has been filled with controversy for many decades but lately has been a sleeping giant when it comes to real estate. This Province can boldly stand firm to the more renowned areas such as Gauteng and the Western Cape. With an ever increasing population the demand for prime real estate in the Free State has ensured the increase of market activity for quite a number of years.
One area in the province that stands out above the rest when it comes to demand for second homes is the quiet town of Clarens. This small town is described by many as the jewel of the Free State. The tranquil village ambience combined with scenic views and a mild climate is the ideal weekend getaway for city dwellers from Johannesburg, Bloemfontein and Durban. According to Lee Green, Engel & Völkers` resident agent in the area, there is a great demand for properties in the area, with many businessmen from Johannesburg and Pretoria eager to buy here as a second home or as an investment.
Lying south west of Clarens almost central to South Africa is the well-known city of Bloemfontein. Bloemfontein was officially founded in 1846 as a fort by British army major Henry Douglas Warden as a British outpost in the Transoranje region. At that stage this region was occupied by various groups of peoples including Cape Colony Trek Boers, Griqua and Basotho.
Fritz König, Team Leader of Engel & Völkers Bloemfontein says that Bloemfontein`s residential property market caters for a broad selection of home buyers – with the majority purchasing a home as a primary residence. Fritz also notes that Bloemfontein is one of the safest cities in the country and has an abundance of top schools like Grey College, Eunice and St Andrews. Bloemfontein features one of the best health systems in the country by way of its’ academic hospitals.
“Properties currently in demand are full title stands between R800 000 to R1.2 million, being the most affordable price range for new home buyers. The average price for a property in the area is around R1.5 million, which is slightly higher than the demand price, indicating that Bloemfontein has both homes at a lower price bracket as well as sought-after homes in key areas as well,” Fritz added.
The Free State is a province that offers more than just a home, it’s a safe haven and offers the best services in the country. Also it boasts with of the best schools in South Africa as well as one of the best universities. With all these attractions it is easy to see why buyers are lured to this area more and more. Still wondering where you should buy your next home?