I am Jenny Craig - an Intern Estate Agent for Chas Everitt International Property Group. based in Witbank, South Africa. We have a wide selection of Residential and Commercial Property for sale in Mpumalanga (South Africa). The cost of property or land for sale ranges between $ 200 000.00 - $ 600 000.00 Properties range from residential freestanding, secure complexes, golf estates and commercial business properties.
The majority of the Witbank property for sale landscape is dominated by traditional “freehold” or full title properties, which make up some 87% of the composition according to recent Lightstone property reports.
The remainder of the market is made up of residential Witbank estates (around 8%), and sectional title units (townhouses, flats and apartments) comprising around 5%.
These numbers in terms of the “makeup” of the property arena in Witbank however are likely to change as major investment continues to take place within the city as a result of the ever growing coal mining activities, and related industrial development such as steel mills and power stations.
Ongoing construction work on the Kusile power plant is responsible for a continuous inflow of new residents and with this project set to last for the next 8 years it’s a good driver for property demand in the mid to long term with a lot of demand arising in the affordable price sector.
With the demand for higher density and affordable housing on the increase, chances are that there will be an increased amount of new sectional title developments coming onto the Witbank property market in the years to come.
Key facts about this project
Location of property
Mpumalanga (South Africa)
Type of property
Sale of property and building and Residential home