Residential property prices in Mossel Bay, on the Cape south coast have been rising steadily over the past decade. Values across freehold, estates and sectional title all rose in 2020, despite Covid-19’s negative economic impact.
Lightstone Property data shows estates have become more popular than sectional title properties as the demand from out-of-towners continued into 2020.
Head of digital at Lightstone Property, Hayley Ivins-Downes, said: “Mossel Bay continues to be a popular destination with mature citizens.”
The Garden Route has long been a preferred alternative residential destination of choice to city life, and Covid-19 has accelerated this desire for an improved quality-of-life with a better work-life balance, she said.
“Mossel Bay has a strong reputation for sound municipal management and economic diversification. Popular industries include tourism, real-estate, business services, petrochemicals, light…