During the Covid-induced property boom, demand for golf estate homes increased when work-from-home space and ‘room to breathe’ fuelled a growing demand for more spacious properties.
South Africa is no stranger to golf estates, combining some of the best golf courses in the world, and a need for secure living has seen the rise in its popularity. And during the pandemic-induced property boom, growth on average in these estates where around 8% to 10%.
This is according to new research from Seeff Property Group. While research from New World Wealth reports that despite a dip in popularity over the past decade, golf remains by far the most popular hobby for centi-millionaires globally, followed by art collecting in 2nd place and cycling in 3rd place.
New World Wealth recently announced their ten best golf courses in Africa, which saw five South African courses make the list:
• Highland Gate - Mpumalanga
• Leopard Creek - Mpumalanga
All of these courses also offer a residential component.
5 bedroom house for sale in Pezula Golf Estate | R13,995,000 | Click here for the full listing details
The statistics from Seeff revealed that the highest volume of golf estate sales has been in the R3 million to R14 million range. For upper-end estates, it ranged between R6 million and R18 million with a few exceptional sales above R20 million.
Cape golf estates are achieving some of the highest prices in the country. Top golf estates such as Steenberg in Constantia, Cape Town now boast a median price of R13.9 million. The current average for Fancourt in George is around R8.4 million.
Other popular golf estates
With a plethora of estates all over the country, buyers looking at investing in a golf estate property has some incredible estates to choose from. Other popular golf estates are:
Western Cape Golf Estates
4 bedroom house for sale in Pinnacle Point Golf Estate | R22,400,000 | Click here for the full listing details
Gauteng Golf Estates
6 bedroom house for sale in Eye Of Africa | R9,499,999 | Click here for the full listing details
Many of these golf estates are popular with international buyers looking for a holiday home in a secure environment where they can still enjoy a round of golf while experiencing the wealth of natural beauty found alongside these incredible golf courses.
Found your dream golf estate home?
Let the team at MyProperty Home Loans help you get prequalified and apply for a home loan with all the major banks.