There are a few factors that contribute to this prospering property market.

The city of Potchefstroom has a diverse economy with a wide variety of sectors. This in turn also attracts a wide variety of professionals and an influx of talent as the various companies and sectors grow.

Another major factor is the excellent educational hub in the city – including the North West University Potchefstroom Campus and various other tertiary educational institutions. Add to that the excellent schools in Potchefstroom – some of them ranking among the top schools in South Africa.

On a daily basis Engel & Völkers works with clients moving to Potchefstroom from other towns or regions, or buying investment properties in Potchefstroom. And the good news for all of us is that Engel & Völkers sees good capital growth in the Potchefstroom property market.

Other strong attractions include the Potchefstroom lifestyle, security, fresh air, outdoor spaces and very little traffic. Many Engel & Völkers staff members commute to work within about 5 minutes. This is definitely a very different lifestyle compared to sitting in traffic for an hour or more every day.

Specific trends for specific areas

Breaking it down even further – there are different areas with different trends and development in Potchefstroom.

With regards to commercial development, the Engel & Völkers Commercial Division is busy with exciting new developments to the Eastern side of Potchefstroom. To the North, across from the popular Tuscany Ridge Estate, there are brand new opportunities for businesses and for the retail sector. The Engel & Völkers Commercial team has a variety of brand new retail and office space to rent in that area.

In the residential sector, the highest demand is for homes in estates – mainly for security reasons. The Engel & Völkers Project Division manages the new developments in Potchefstroom and currently has nine new developments with over 300 new units in the market – the largest variety in Potchefstroom.

Furthermore, Engel & Völkers is still experiencing a high demand in Potchefstroom residential property that can be attributed mostly to the low interest rates. This, in turn, is positive news for sellers – since Engel & Völkers can sell your property easier due to the lower monthly installments that a buyer is faced with.

Each area in Potchefstroom is unique, so the next Engel & Völkers article will cover area-specific developments and trends in more detail.

What does a buyer or seller in Potchefstroom need to know?

These days buyers are very informed. They do their research, but then they are faced with the large variety of available options in the market. As mentioned previously – Engel & Völkers has a few hundred units from its nine new developments, PLUS the additional hundreds of homes in the ‘second-hand’ property market on its stock list.

Sellers, in turn, essentially want to know when is the best time to sell their property and how to get the best possible price for their property. This is where the Engel & Völkers Property Advice Line comes in handy. Engel & Völkers freely gives advice to sellers or buyers regarding their property.

In summary, sellers and buyers want EXCELLENT advice, EXCELLENT service and someone they can build a long-term relationship with. Engel & Völkers knows that your requirements change over time – so clients can make use of the Engel & Völkers Property Advice Line again and again.

Visit the offices in Potchefstroom, follow them on social media and contact the Engel & Völkers Property Advice Line for advice regarding your property portfolio, investment opportunities and new development advice. Carl: 083 291 0434

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Be sure to also subscribe to the Engel & Völkers YouTube channel. 

Mid-Morning Magic's Yolanda Maartens spoke to Helandi Moolman, Engel & Völkers marketing manager, about the Potchefstroom property market. Listen here: