George is experiencing a property boom at present despite the higher interest rate currently being charged.

Due to a shortage of vacant erven and very few new developments taking place in George, prospective buyers do not have much to choose from when purchasing a home. Sellers are receiving good prices for their properties and some homes have shown a growth in value by up to 30% over the past year.

Buyers from other areas in South Africa are generally surprised at what they can buy in the George area for the price for which they sold their homes and end up either paying a substantially higher price for their new home or they end up having to downscale on the home they purchase if it is of the same value for which they sold their home in for example Port Elizabeth.

The coastal areas around George, i.e. Wilderness, Herolds Bay, Glentana, etc. are still proving to be favourite areas for investing in by overseas buyers who find seaside properties in this area very realistically priced compared to similar properties elsewhere in the world. With the fantastic all year round climate experienced in this area plus the beautiful stretches of coastline overseas buyers find it difficult to resist buying these coastal properties.

Wilderness and Hoekwil areas are the more popular areas requested by overseas buyers. The beauty and fantastic mountain, lakes and sea views are unsurpassed and the generally safe and secure lifestyle offered in these areas is what the overseas buyers are looking for.

Of the many removal companies in George, one of the largest companies says that it is relocating 5 families per week into the George area which leads one to believe that George is definitely one of the biggest growth points in South Africa at present.

George is also earmarked to become the Golfing mecca of South Africa with having one of the finest Golfing resorts in the world namely Fancourt which will be hosting the Presidents Cup during November 2003.

At Herolds Bay another Golf Estate is being developed namely Oubaai which will have a golf course designed by our own Ernie Els. Erven at this development have been selling well and promises to be another fine investment in property should you wish to purchase property at the Oubaai Golf Estate overlooking the Indian Ocean.

The George Golf Estate which is also in the process of being developed offers the investor opportunities of acquiring erven in this development from as little as R230 000. This Golf Estate is being developed between the George Golf Course and the Links Golf Course and has stunning views of the Outeniqua Mountain Range. It is believed that this fast selling development will prove to be an investment of a lifetime. The location and affordability of the George Golf Estate make it a winner.

Purchasing property in the George area has always proved to be a very rewarding investment and with the shortage of homes to buy the rental market is also a thriving business with a shortage of rental homes being experienced. Properties being let at between R1 500-00 and R3 000-00 are in demand and these properties are snapped up within days of becoming available to rent.

We have numerous enquiries from investors wishing to purchase blocks of flats but again a shortage of good stock is being experienced. Sales of industrial properties is a little slow but businesses are changing hands rapidly with the influx of new residents to George. Prospective purchasers of businesses must be cautioned that December is an exceptionally good month for business but the rest of the year varies drastically.