As we head into the annual holiday season, we take a moment to extend our sincere gratitude for your support this year!
The Plettenberg Bay property market has held up well considering the broader economic challenges, with good activity in the sales market across all price bands. The rental market also performed well. A recent Lightstone Report indicated that compared to the metros, coastal property transactions and property values, especially in towns such as Plettenberg Bay, performed better when compared to the big cities markets across the country.
The recent interest rate cuts on the back of the declining inflation rate to within the Reserve Bank's target range also give us hope that 2025 will be a positive year. We could potentially see further interest rate cuts in the early part of the year, which could provide a real boost to the market. As another positive flow from the GNU-government, it was announced recently that business confidence in the country has soared to the highest level in nine years.
Heading into the peak tourist season in Plett, we look forward to welcoming holiday makers from all over the world. Hopefully, they will enjoy their summer in Plettenberg Bay so much that they decide to invest in property here. Our town has so much to offer in terms of a great climate, pristine beaches, a choice of leisure activities, and wine farms to indulge in, and is a good base to explore the rest of the Garden Route.
With over 60 Years of experience, Seeff has opened thousands of doors to new property aspirations over the years. That's the Seeff success. A reminder that if you sell exclusively with Seeff before the end of April 2025, you can still be entered into our incredible R1 million cash prize competition.
So keep on moving with Seeff, your dream home is just one door away! We have once again delivered outstanding results for our clients this year, and our commitment to superior service and solutions is unwavering. Our skilled agents are ready to assist with whatever property needs you may have.
Plettenberg Bay remains one of the most dynamic property markets in the country. We thank you for your trust in Seeff, and look forward to being of assistance to you.
Our best wishes to you and your loved ones over the festive and holiday season, and may 2025 be prosperous and healthy!
Yours in Property
Seeff Plettenberg Bay
044 533 0311
plett@seeff.com