As in all markets, there are ups and downs. But when other markets dropped by 25-30%, Somerset West prices in 2009 declined by approximately half that, which have long since been regained with additional strong capital growth.
Why? Simply put: Demand.
While demand is high, prices will always be steady and, in many cases, will increase. Somerset West is a favorite destination for families because of the peaceful lifestyle, excellent schools, and surrounding recreational facilities.
Retiring couples also enjoy the lifestyle, and many leave the hectic pace of city life in Gauteng to enjoy their retirement in beautiful surroundings.
There has been a steady stream of purchasers from Gauteng, and even Durban, to Somerset West - especially over the past few years. In fact, recent statistics show that 1 in 3 buyers are moving in from Northern parts of the country.
So, if you are a property purchaser, there are very few markets as stable as the Somerset West Property Market. Find the property that fits your lifestyle and budget, and add your name to the thousands of happy residents that call Somerset West "home".