One of South Africa’s leading real estate firms Leapfrog Property Group has highlighted the rise of housing estates in the country, outlining the values they bring to families and individuals.
For the uninitiated, housing estates in South Africa, market themselves as a dream-like, utopian living experience that for the average South African, is hard to not find appealing.
Typically filled with lush greenery, open spaces, blue sky and complete with brochures of smiling carefree families, housing estates endeavour to create a holistic living environment with idyllic scenery.
Leapfrog Property Group CEO Bruce Swain states: “Residential estate living in South Africa is definitely on the rise, particularly amongst more affluent families and individuals,”
It is estimated that 2.5% of all residential properties in South Africa are on security estates, and with many office workers spending increasing amounts of the day indoors and in front of a screen, residential estates offer a natural wide open space to enjoy.
Mr Swain explains that “It’s about living somewhere that offers you a safe and beautiful space to enjoy nature near your home that people are drawn to. And it generally comes with the added benefit of not needing to manage the garden space yourself, as we’re all pressed for time,”
Safety & Security
During 2017/18 a total of 507,975 cases of property-related crimes were recorded in South Africa, a decrease of 6.0% compared to the previous year, and in line with the steady decline since 2013/14.
While burglary at residential premises decreased by 7.5% in 2017/18, personal safety is still an issue in the country as evidenced by the recent Uber revelations.
As safety & security is a key concern or most South African property owners, housing estates offer many features such as access-controlled entrances, perimeter fencing, and dedicated security guards to entice prospective buyers
Mr Swain remarks “We all want to feel safe at home and we find that a residential estate that offers that is very well sought after.”
A Sensible Investment
Besides the security & lifestyle benefits, the property remains a significant investment avenue, with great year-on-year growth as well as high demand from young & old families wishing to move to more secure premises.
Despite housing estates seeming like a sure fire way to experience safe & secure living conditions in South Africa, there does remain a few downsides to living in housing estates that Leapfrog’s CEO addresses below:
The Neighbours: Certain types of estates will inevitably attract certain kinds of people. For example, you might not want to settle your young family in a place that is overwhelmingly occupied by retirees, or vice versa, so do some investigation before signing on the dotted line.
Levies and taxes: Living in a housing estate does give you added security and peace of mind, but as with everything in life, this comes at a cost. Swain advises: “To make sure you know exactly how the levies are calculated, what they include and how they are spent as their explicit purpose is to contribute to the upkeep of the estate,”
Featured Image: Credit to De Rebus