Knysna For Sale…Cheap! (Part 3)
Are you are the type of South African that laughed at the president’s penis or were less outraged than foreigners at the Lonmin massacre? If so, then you’re probably the die-hard local kind i mentioned earlier. Are you’re looking to retire but worry because your pension was depleted by the Recession? Are you a middle-class European or American wanting to live like a king or queen? Do you simply want to escape the city so that your family can picnic on the beach or hike in the forests on the weekend? Then Knysna is for you!
Knysna is the prettiest town in South Africa. There are few places that can boast forests, beaches, lakes and a sea within a few kilometres.
That the centre offers approximately 60 restaurants, 4 shopping centres and several waterfronts is almost unbelievable. It’s a favourite holiday spot for Capetonians. Many foreigners, especially the Germans and Dutch, have made repeated trips here. Despite a lot of holiday homes standing empty, the fact is that they were the chosen second home for many before travel costs jumped and bonds became over bonded.
There are now great deals to take advantage of!
Peter Southey, from Rawson Properties, recently said that property prices are “25% to 40% off their previous peak levels” which sounds a lot more like truth than previous reports. If anything, overpriced homes are nearer realistic value. A retiree I chatted to last week said that she and her husband had always loved Knysna but never expected to be able to afford a retirement here let alone live on Leisure Island, one of the most prime suburbs. But, over 2 years, the price on a house they had admired (on holiday) dropped over 50% resulting in them now living their dream.
Another encounter had the buyer relate to me how they bought a farm after offering 25% less than the asking price and stating that it must remain fully furnished. That the sellers took the offers indicates that they were long on the market, infinitely longer than turnaround times of 4-6 months that had previously been reported. I’ve known houses to stand for 4 years. On Thesen Island, which is as well and beautifully located as you can possibly get, properties wait for up to 18 months.
Remember that the estate agent is representing the seller, not you. Have several options and then bargain hard. Get information on the ground. Chat to the local security company, neighbours etc. Especially have conversations in coffee shops. Find out what the rates are! One poor couple fought for 7 months to get there property value lowered by an erroneous R7 million.
Auctions are tragic to the victims of the Recession but an unbelievable boon to opportunity seekers. There have been incredible deals in the middle-class sector. In one case, there was no movement so the bank bought the house at 29% of the market value. In a gated community, two flats (2 and 3 bedrooms) went for R250 000 each. And if you need to stock up on home appliances and furniture, then check out the classifieds, Actions Ads, for the smaller auctions which occur almost weekly (grab on Thursday, day of release, as they are sometimes only advertized the day before).
As with my other blogs here, the goal is to cut through the bullshit and deliver the truth which the powers that be and the media here so often hide. The more information you have, the better you can decide what’s best for you and your family.
If I got a wish fulfilled, it would definitely be for Knysna’s empty houses to get filled with neighbours… and proactive neighbours would build better and safer communities.
Hi Mike,
I read your articles with great interest cause me and my family is seriously looking to relocate from tulbagh to knysna! I am nevertheless a bit scared now! I will not say that we are crime free in my village (we live 7 km outside) cause we have been broken into numerous times! I just turned 50 and still want to live a productive life …something like a guesthouse or B&B ..maybe a small hotel, but you are saying that tourism has badly dropped over the last years!! So do you think I should look elsewhere or is there still hope !!??
Best regards
Gaetan
Hi, Gaetan. There is no easy answer. The fact is that our whole country is experiencing an increase in crime and the SAPS have become dislocated from the public. Our ratepayers’ associations and Chamber of Business have no teeth. Nevertheless, i’d much rather live in Knysna than a city!
Regards tourism, there’s been a definite increase the past 6 months. For example, past 3 years they seemed to peter out end Jan/beginning Feb but this year i’m still seeing them. As for running a successful business, you simply have to do it better than your competition. There is always business for those who are good at it. Whilst i’ve seen many restaurants struggle or close, i’m happy to see others doing well i.e. there’s no depression rule for all.
On Knysna’s positive side, i still consider us to be the prettiest town in the country. I’m glad to live here which is why i fight for it. Hopefully you view my other websites, such as http://www.LoveKnysna.com, for the happy news too.
Any big move should undertake research and, if possible, have you stay here for a several weeks so that you get the feel of the place as a local and a ‘tourist’. If you do pop by, i’m happy to meet you for coffee and answer questions and point you towards pretty places. If you stay (which i hope that you do), remember that a community is strengthened by their contribution.
Well said Mike. They have been bulshitting us for years and the municipality is killing business with its unaffordable rates and taxes. There is no justification for a municipal manager to earn a salary of R1,2 million per annum in a small town with so much poverty. The same goes for the other towns along the Garden Route, I don’t want to even mention the Kannaland Municipality where the municipal manager earns close to R1 million. This is daylight robbery! But if the people are happy with the situation than they must suffer. Its only the residents of the respective towns that can change the situation. Amandla!
Everything is disproportionate and insane unless you factor in greed.