Pearl Valley Named Top Residential Estate in South Africa
23 April 2015 – Pearl Valley Golf & Country Estate, nestled in the scenic Berg River Valley between Franschhoek and Paarl, has taken first place in New World Wealth’s Top Residential Estates in South Africa for 2015.
New World Wealth is a highly reputable company, providing information on the global wealth sector, with a special focus on Africa and the Middle East. Its placement of Pearl Valley in the top position reflects the estate’s leading position as a covetable place to live.
In its report published this month, New World Wealth states: “Pearl Valley is our top estate for 2015. Highlights include: a high level of security, well designed homes, a highly rated golf course, natural fynbos scenery, mountain backdrops, several lakes and over 120 species of birds, including the iconic African Fish Eagle and Malachite Kingfisher. Furthermore, stand sizes are relatively large and well-spaced. House prices on the estate range from R5 million to R25 million.”
“We are honoured to be recognised in this way, especially since our daily focus is to maintain the estate in every aspect so that we can live up to our promise of providing residents with an exceptional quality of life, with all the benefits of secure country living. We remain a first choice for those seeking a unique lifestyle. Sales of our recently released developer plots, exclusively marketed by Lew Geffen Sotheby’s Realty Winelands are progressing very well,” says Gawie Marx, General Manager.
Luxury lifestyle estates are increasingly benefiting from a growing number of buyers moving up into the higher-value markets. The Western Cape is doing particularly well, reflected in the fact that the region dominated New World Wealth’s top 10 list.
“Factors such as our state-of-the-art security, scenic winelands setting, world-class facilities and proximity to top schools, all within a 30-minute driving distance from Cape Town, is driving more young families to invest in our estate,” says Marx.
Looking at the country as a whole, there are around 318 000 residential properties within secure gated communities, with a combined value of R643 billion at an average of R2 million per property (almost three times more than the national average of R700 000 per home). Fifty percent of these are in Gauteng and 25% in the Western Cape.
Pearl Valley consists of 212 hectares of prime property with homes enjoying distinctive views of the surrounding Drakenstein and Simonsberg mountain ranges. Among its numerous exclusive facilities is the iconic Jack Nicklaus Signature Golf Course, named the Best Conditioned Golf Course in the Western Cape for the seventh consecutive year in 2014 by Golf Digest Magazine.