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Expensive estate homes in demand - expert

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Paarl - Although security estates make up about 5% of the 6.8 million properties analysed by Lightstone, which provides information, valuations and market intelligence, its total value is about the same size as the total value of the property market in Johannesburg.

Estate properties have about a 15% share of total property-market value, said Paul-Roux de Kock, analytics director for Lightstone, at a property event held at Val de Vie in Paarl on Thursday.

Over 50% of estates – which include golf, equestrian and polo, coastal, lifestyle, country and wildlife estates – are located in Gauteng, and a further 25% in the Western Cape. The Western Cape segment, however, has the largest total value.

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