Bloemfontein Property

The Bloemfontein property market has also been negatively affected by the property downturn but less so when compared to some of the other big cities in South Africa. One of the reasons is the relatively low housing costs. Dan Pienaar is very popular with young first time property owners while an established suburb like Langenhovenpark still has a lot of appeal with would-be property buyers.

The demand is still for properties less than R1m with the high-end property market very quiet as investors are wary of spending money on expensive properties. The southern suburbs of Bloemfontein are attracting out-of-town buyers that cannot afford to buy in the more upmarket northern suburbs of Bloemfontein but also because of the excellent schools and low crime rate.

New property developments located in Woodlands, Noordstad, Pellissier and Pentagon Park are very popular. Retirement properties are also being built in most suburbs which make Bloemfontein a popular city to retire to.

The property market in Bloemfontein is showing excellent buoyancy during the last few months. The recorded sales over the last few months show that the market is definitely improving with positive prospects for the foreseeable future. Residential properties in Bloemfontein vary from R500 000 in the south to ±R10m in the north. The average price for properties in Bloemfontein south is around R1m and ±R2m in the north.

We have over 300 farms and small holdings for sale in Bloemfontein, Kimberley, Christiana, Douglas, Kroonstad, Potchefstroom etc. Prices vary from R120m for the bigger more exclusive farms to as low as R1m for small holdings.

Contact National Real Estate for the best advice and deals on Bloemfontein property.